First prepare the french toast. Beat the eggs and milk. Dip bread in mixture until saturated and brown both sides in frying pan. Put to one side.
Peel, core and thinly sliice apples. Put in bowl and sprinkle slices with sugar, cinnamon and lemon juice.
Slice cream cheese into "pats" in preparation.
In a greased 9 inch caserole dish, lay one layer french toast. Feel free to tear the pieces to fit. over this, spread a layer of apples and then dot with cream cheese. Another layer of french toast and then you keep layering until you're satisfied or out of ingredients.
Top with sprinkling of cereal and bake at 325 degrees for 25 mintues. Serve while warm.