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PREHEAT oven to 350°F. Layer half each of the bread, red pepper and cheese in greased 13x9-inch baking dish. Sprinkle with all of the broccoli. Repeat layers of bread, red pepper and cheese.
BEAT eggs with wire whisk in large bowl. Add milk and margarine; beat until well blended. Pour evenly over ingredients in baking dish.
BAKE 50 minutes to 1 hour or until center is set. Let stand 5 to 10 minutes before cutting to serve.