Combine sugar, cornstarch, and cinnamon sticks in medium saucepan. Gradually stir in evaporated milk.
Cook over medium heat, stirring constantly, until mixture comes just to a boil and thickens slightly. Remove from heat and remove cinnamon sticks; stir in vanilla extract.
Refrigerate for 2 hours or until well chilled.
Arrange fruit in dessert dishes. Top with sauce. Sprinkle with ground cinnamon.
Tip: Refrigerate leftover sauce in covered container for up to 3 to 4 days.
*chill time extra
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