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Preheat oven to 350°.
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Grease only the bottom of a 9x5 loaf pan (or three 5 3/4 x 3 1/4 inch loaf pans). In a large bow beat the eggs.
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Blend in sugar, eggnog, butter, rum extract and vanilla extract.
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Combine the flour, baking powder, salt and nutmeg, stirring to combine.
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Mix into the eggnog mixture; stir just enough to moisten the dry ingredients.
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Pour the batter into pan(s).
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If baking bread in large pan, bake 40-60 minutes, or until a tester in the center comes out clean.
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If baking the breads in the smaller pans, bake 35-40 minutes.
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Cool 10 minutes, then remove from pan.
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Cool breads completely, then wrap tightly. Keep in the refrigerator.