Mix cream cheese, brown sugar, 2 tsp. of cinnamon and 1 tsp of vanilla in a small bowl until blended. Spread two tablespoons of this mixture on each of eight slices of bread. Top the other eight slices of bread with the fruit preserves (about a tablespoon on each).
Press one of each bread slices together to form a sandwich.
Beat eggs with a whisk in a shallow mixing bowl or pan. Add milk and remaining cinnamon and vanilla and mix well. Dip sandwiches in egg mixture until coated on both sides.
Spray skillet with non-stick spray and heat. Once heated, place 2-4 coated sandwiches on a hot skillet/griddle for 4-5 mins each side or until golden brown. Repeat with remaining sandwiches, until done.
Serve warm with your favorite toppings. Homemade whipping cream, maple syrup, and fresh fruit are excellent choices!