Slice cake across into 1 inch high slices removing each slice onto a plate and placing a generous coating of preserves on cut surface, rebuilding cake as you go. Slice rebuilt cake completely placing layered slices in clear glass punch bowl alternating with sprinkled sherry; peach or berry or your favorite canned fruit, then whipped cream. Try to alternate layers at least twice, finishing with a covering of whipped cream. Serve as soon as possible.
Makes 8 generous servings, but seconds are almost always wanted.
IDEAS: Fruit-berries, peaches are best suited. Also, try apricot preserves rather than matching the fruit, or perhaps my favorite: raspberry.
A non-alcoholic lemon sauce or vanilla sauce may be substituted, however use 2 cups of such sauce (nothing too bland), and thicken slightly more than usual.
