In a shallow bowl, whisk together eggs, milk, cinnamon, and vanilla. Whisk well to make sure the eggs are broken up.
Assemble three bread slices with thin slices of cream cheese and a tablespoon of preserves. Top each with another piece of bread to make a sandwich.
Dredge the sandwich into the egg mixture. Make sure to completely cover both sides of the sandwich with the mixture.
Heat skillet to medium-high. Melt butter. Carefully place two sandwiches in the skillet. If your skillet is large, like mine, place all three.
Cook until browned. Flip Carefully. Brown this side.
Remove from skillet and place on a serving dish. Top as desired.