Lightly grease a 13x9x2-inch baking dish. Arrange the bread cubes in the bottom of the dish.
Cook the sausage and red pepper in a 12-inch skillet over medium-high heat until the sausage is well browned, stirring often to separate meat. Pour off any fat. Spoon the sausage mixture over the bread cubes.
Beat the soup, eggs, milk and cheese in a large bowl with a fork or whisk. Pour the egg mixture over the sausage mixture. Cover and refrigerate for 1 hour or overnight.
Heat the oven to 350°F. Uncover the baking dish.
Bake for 55 minutes or until a knife inserted in the center comes out clean.
Next time you're expecting weekend guests, serve this hearty, make-ahead breakfast casserole. It's simply delicious, and a great way to get the day started.
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This nutritional information refers to each serving of the entire recipe and not just the products used as ingredients.