Combine first 5 ingredients in a medium bowl, make a well in center of mixture.
Combine egg, buttermilk, and margarine.
Add to flour mixture, stirring until just moistened.
Spoon about 1 1/2 tablespoons batter into each of 12 muffin cups coated with cooking spray, making sure batter is spread evenly along the bottom of each cup. Spoon 1/2 tablespoon preserves into center of the batter (in a ball; do not spread over batter), and top with remaining batter, making sure jam isn't visible.
Combine 1 tablespoon sugar and 1/4 teaspoon cinnamon, stir well.
Sprinkle over muffins.
Bake at 400°F for 18 minutes or until a toothpick inserted into the center of a muffin comes out clean.
Remove from pans immediately and let cool on a wire rack.