Good Old Bread Pudding

Ingredients

• 1 12 cups bread, torn in small pieces (any kind will do, but homemade or any dense bread is terrific)
• 2 tablespoons margarine
• 34 cup sugar
• 12 teaspoon salt
• 3 cups milk
• 1 egg, well beaten
• 1 12 teaspoons vanilla
• 1 dash nutmeg
• 6 tablespoons butter or 6 tablespoons margarine
• 3 cups powdered sugar
• 2 tablespoons milk or 2 tablespoons cream
• 34 teaspoon vanilla
• coconut (optional)
• chopped pecans (optional)