In heavy bottomed saucepan, combine all ingredients. Bring to a boil, reduce to simmer, and cook uncovered for 10-15 minutes, or until thickened and peaches are tender. Cool and serve over cakes or ice cream. Wonderful over gingerbread.
Nutritional Information:
1030 Calories (kcal); 23g Total Fat; (19% calories from fat); 3g Protein; 211g Carbohydrate; 62mg Cholesterol; 302mg Sodium