PREHEAT oven to 350° F. Grease an 11x7-inch baking dish.
COMBINE bread, apple and raisins in large bowl. Beat eggs in medium bowl. Stir in evaporated milk, apple juice, sugar and cinnamon; mix well. Pour egg mixture over bread mixture, pressing bread into milk mixture; let stand for 10 minutes. Pour into prepared baking dish.
BAKE for 40 to 45 minutes or until set and apples are tender. Serve warm with caramel topping.