Combine warm water, milk, yeast, honey and brown sugar in a small bowl.  Wait about 10 minutes until the whole mixture gets frothy and foamy.

In a large bowl combine flour, oats, and salt.  Work the butter into the flour mixture with your fingers or a mixer.  Add the yeast mixture to the flour mixture and combine.  You want your dough to come together.  If it is too sticky, add more flour.  Knead the dough for about 10 minutes when the dough becomes elastic.  You can also use a sturdy mixer with a hook to knead the bread.

Put dough in a lightly oiled bowl and turn the bread to cover.  Place in a warm spot to rise until doubled in size (about 1 hour). Punch down and let rise for 30 additional minutes.

Remove bread from bowl and divide into 2 pieces.  Knead each piece for several minutes and form into loaves and place into lightly greased pans.  You can put loaves in loaf pans or form the bread into round cake pans.

Cover and let rise for 1 more hour.  Preheat oven to 350 F and bake bread for 35-40 minutes or until bread appears golden.