SLICE and lay the rolls open. Spread mustard onto the bottom roll. Top each with half of the ham, a slice of cheese and spread 1 1/2 tablespoons of preserves on top of cheese. Pair rolls to form a sandwich.
HEAT large skillet over medium heat. Spray roll with no-stick cooking spray. Place sandwiches, buttered side down, in heated skillet. Cover skillet and brown sandwiches 4 to 5 minutes until golden brown. Spray tops of sandwiches before turning to brown second side.
REMOVE sandwiches from skillet. Allow to rest covered, about 3 minutes. Cut sandwiches in half. Serve warm.