Spread butter on bread, cut into large cubes. Place 1/3 into a buttered 2-quart baking dish. Sprinkle with 1/3 cheese. Repeat with remaining bread and cheese to make two more layers of each. Beat eggs with remaining ingredients, pour over bread-cheese layers, cover. Refrigerate overnight. Bake, uncovered at 350 degrees for 1 hour, or until puffed and golden and sharp knife insered in center comes out clean (not milky).