Drain oysters and pat dry on paper towels. Make a batter by beating eggs slightly and stirring in milk, salt and pepper. Dip oysters in batter, then in fine dry bread crumbs or cornmeal. Saute in butter in a single layer or fry in deep fat heated to 375 degrees. Drain on paper towel. Arrange in a shallow baking pan in single layers. Bake at 400 degrees until browned, about 15 minutes.