In a large mixing bowl COMBINE milk, honey, and yeast, STIRRING until yeast dissolves; let STAND for 5 minutes.

Meanwhile, GREASE an 8x4x2-inch loaf pan; SET pan aside.

ADD flour, egg, oil, and salt to yeast mixture.

BEAT with an electric mixer on low speed until combined; BEAT for an additional 3 minutes on high speed, SCRAPING side of bowl occasionally.

Using a wooden spoon, STIR in whole wheat flour and oats until combined.

SPOON batter into prepared loaf pan, SPREADING evenly; COVER; let dough RISE in a warm place until double in size (about 45 minutes).

PREHEAT oven to 350°F.

BAKE until bread sounds hollow when lightly tapped, about 40 minutesNOTE: If necessary to prevent overbrowning, COVER top of bread with foil for the last 10 to 15 minutes of baking.

Immediately REMOVE bread from pan; COOL on a wire rack.