HEAT oven to 375°F. BEAT eggs, milk, almond extract and vanilla in medium bowl until blended. POUR 1/2 of the egg mixture into 9-inch square baking dish. PLACE bread slices in mixture; POUR remaining egg mixture over bread. LET stand, turning occasionally, until liquid is absorbed, about 10 minutes.

Meanwhile COMBINE plums and water in medium saucepan; COOK, covered, over medium heat until tender. ADD sugar and lemon peel; MIX. SPREAD in 8-inch square baking dish.

PLACE soaked bread on top of plums. BAKE in 375°F oven until lightly browned and no visible liquid egg remains, 20 to 30 minutes.