Preheat oven to 400°F.
Melt butter and pour into a shallow 2 quart baking dish.
Combine all other ingredients except peaches and cinnamon and pour into the baking dish over the butter; DO NOT STIR. Layer peaches on the top of the batter, sprinkle cinnamon over top.
Bake at 400°F. for 40 to 50 minutes, or until the top is puffy and medium brown in color.
Note: If using fresh peaches, substitute milk or fruit juice for syrup/liquid from canned peaches.
Submitted by: Stephanie Yard