1) Coat a large baking sheet with cooking spray; set aside.
2) In a pie plate combine egg, egg white, milk, vanilla and cinnamon. Soak the bread slices in egg mixture about 1 minute each side. Place on prepared baking sheet.
3) Bake in oven ~ 6minutes or until bread is golden brown. Turn bread and bake 5-8 minutes longer 'til golden brown.
Orange syrup:
In small saucepan stir together orange peel, juice, honey, cornstarch and cinnamon. Cook and stir over medium heat 'til thickened and bubbly. Reduce heat. Cook and stir 2 minutes more.
Sprinkle toast with powdered sugar and serve with warm orange syrup.