The invention discloses mulberry leaf cereal bread which comprises, by weight, 18000-22000 g of flour special for bread, 2000-3000 g of cereal powder, 2000-3000 g of mulberry leaf powder, 800-1200 g of high-sugar fresh yeast, 100-200 g of bread improver, 800-1200 g of milk powder, 1000-2000 g of xylitol liquid, 1000-2000 g of xylitol powder, 8-12 g of sodium dehydroacetate, 25-30 g of calcium propionate, 8-12 g of potassium sorbate, 1800-2200 g of egg, 7000-8000 g of clear water, 45-55 g of egg essence, 45-55 g of milk fragrance powder, 200-300 g of edible salt, 1000-2000 g of butter and 800-1200 g of cream. The preparation process includes following steps: (1), preparing materials; (2), making dough; (3), shaping; (4), dishing; (5), fermenting; (6), decorating before baking, and preheating a baking tray; (7), baking; (8), airing; (9), packaging; (10), inspecting a finished product. The mulberry leaf cereal bread is rich in nutrition, golden in luster, uniform in color, free of charring and collapsing, exquisite and soft in mouth feel and has cream taste and slight scent of mulberry leaves.