In large bowl, combine 2 cups of the milk and pudding mix; Beat 1 minute or until smooth.
Add remaining 2 cups milk, egg product, vanilla, rum extract, salt and 1/4 teaspoon nutmeg; beat well.
Cover; refrigerate until serving time.
Serve topped with whipped cream and a sprinkle of nutmeg.
10 (1/2 cup) servings