Heat oven to 350°F. Line roasting pan with foil. Trim any excess fat on ham to 1/4 inch thick. Place ham, fat side up, in pan. In small bowl, mix fig preserves, bourbon, honey and mustard. Brush half of fig mixture over ham.
Bake uncovered 1 hour 30 minutes, basting with remaining fig mixture every 30 minutes. Cover loosely with foil; bake 30 minutes longer or until thoroughly heated. Let stand 15 minutes before slicing.