1. Preheat oven to 200 degrees F. Whisk together Egg Beaters, milk, cinnamon and vanilla in shallow medium bowl; set aside. Spray large nonstick skillet with cooking spray; heat over medium heat.
2. Dip 3 or 4 of the bread slices into Egg Beaters mixture, turning to evenly coat both sides of each slice. Add to skillet; cook 3 minutes on each side, or until golden brown on both sides.
3. Place toast slices on baking sheet; cover with foil. Place in oven to keep warm. Repeat with remaining Egg Beaters mixture and bread slices. Serve with syrup, if desired.