PREHEAT oven to 350ºF. Grease baking sheet lightly; set aside. Spread each of 4 of the bread slices with 1 Tbsp. peanut butter and about 2 tsp. of the jam. Cover with remaining bread slices to make four sandwiches.
BEAT eggs and milk with wire whisk until well blended; set aside. Place crushed cereal in pie plate. Dip each sandwich in egg mixture, then in cereal, turning to evenly coat both sides of each sandwich and gently pressing cereal mixture into sandwiches to secure. Place on prepared baking sheet.
BAKE 20 min. or until golden brown. Cut sandwiches diagonally in half; place two halves on each serving plate. Top with fruit; sprinkle with icing sugar. Serve with syrup.