1 1/2 c. cooking oil
2 c. sugar
3 eggs
2 tsp. vanilla
3 c. self-rising flour
3 c. diced fresh peaches
1 c. nuts, chopped

Preheat oven to 350 degrees. Mix all ingredients in order listed. Pour into a greased and floured tube pan. Bake 1 hour. Cool completely. Spoon Peach Cream Cheese Frosting over top.

PEACH CREAM CHEESE FROSTING:

1 (3 oz.) pkg. cream cheese
6 tsp. peach juice
1 1/2 c. 4X sugar

Beat cream cheese and peach juice together until smooth. Gradually add sugar; beat until smooth. Spoon over top of peach cake.