Drain strawberries, reserving liquid. Add water to reserved liquid to measure 1 cup.
Combine sugar and cornstarch in sauce pan. Gradually add liquid. Cook, stirring constantly, until mixture is clear and thickened. Stir in strawberries and almonds.
Combine cream cheese, sugar and vanilla, mixing until well blended. Cut bread into 1 1/2 inch slices. Cut slit through crust of each slice to form pocket. Fill each pocket with one rounded measuring tablespoon of cream cheese mixture. Dip each bread slice into combined eggs, milk, and nutmeg. Grill both sides in margarine until golden brown.