WHISK cheesecake batter and milk in large bowl until blended. Add bread; toss to evenly moisten. Stir in half each of the cranberries and nuts.
POUR into 4 (3-cup) lightly buttered baking dishes (or into 1 buttered [3-cup] baking dish for trial recipe). Top each with 2 Tbsp. each of the remaining cranberries and nuts.
BAKE in 350ºF standard oven 50 min. or until tops are golden brown.