In medium skillet; saute sausage 10 minutes or until lightly browned. Cool slightly; cut crosswise into thin slices. Place in bowl. Add peppers; toss to combine. Preheat oven to 350~. Generously grease 2 qt. shallow baking dish. Reserve 6 bread quarters; place remainder in prepared dish. Sprinkle with cheese and the sausage mixture; arrange reserved bread on top. Set aside. In medium bowl, beat eggs with milk, chili powder and salt until mixed; pour over bread in dish. Bake 1 hour or until center is set. Let stand 10 minutes before serving. Makes 6 servings.