PREHEAT oven to 350° F.
COMBINE cream cheese and butter in large, heavy-duty saucepan over low heat, stirring until melted. Remove from heat. Add eggs, one at a time, stirring well after each addition. Stir in evaporated milk, sugar and vanilla extract. Stir in noodles and raisins. Pour into ungreased 13 x 9-inch baking dish. Sprinkle with Cinnamon Sugar.
BAKE for 20 to 25 minutes or until almost set. Let stand 5 minutes. Serve warm.
FOR CINNAMON SUGAR:
COMBINE 2 teaspoons granulated sugar and 1/2 teaspoon ground cinnamon in small bowl.