Instructions: Arrange half cake slices on bottom of 13 x 9" pan; set aside. In a = mixing bowl, combine sweetened condensed milk, water, and pudding = mix. Mix well. Fold in vanilla extract and whipped topping. Pour half = the mixture over cake slices in pan. Arrange half the peach slices on = top. Repeat layers. Chill 4 hours or until set.

Serving Ideas : Cut into squares.

NOTES : Refrigerate leftovers.

You can substitute low-fat pound cake for the angle food cake when making this recipe. The only differences are a subtle change in flavor and higher fat content.

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