Preheat oven to 350 degrees. For pudding, in a large bowl, combine bread crumbs and raisins. In a small saucepan, combine milk and 1/4 cup butter. Cook over medium heat until butter is melted, 4 to 7 minutes. Pour milk mixture over bread; let stand 10 minutes. Stir in remaining pudding ingredients. Pour into greased 9x9-inch casserole pan. Bake for 40 to 50 minutes or until set in center. For vanilla sauce, in small saucepan, combine 1/2 cup sugar, brown sugar, whipping cream and 1/2 cup butter. Cook over medium heat, stirring occasionally, until mixture thickens and comes to a full boil, 5 to 8 minutes. Stir in 1 tsp. vanilla. Serve sauce over warm pudding. Store in refrigerator. Makes 6 servings.