Chop bread into smallish cubes and put into a large bowl. Mix together milk, eggs, sugar and vanilla and pour over bread. mix lighty with wooden spoons. Add pecans and raisins and add to mix
Pour pudding into a large, buttered souffle dish and bake for 55 minutes. Cut edges with sharf knife to unmold.
Whiskey sauce: whisk together ingredients in a saucepan and simmer while stirring constantly until sauce is some thickened.
Serve half the sauce over the pudding and arrange the rest in a gravy bowl to be served alongside.