Ir saucepan combine first 4 ingredients; cuok and stir till heated through.
Remove from heat; stir in cheese till melted.
Pour 1 cup sauce into 10 x 6 x 1 3/4-inch baking dish.
Break eggs atop sauce.
Spoon remaining sauce around eggs.
Stand bread around baking dish edges, crust up.
Bake at 350° till eggs are set, about 20 minutes.
Sprinkle with parsley.