1 (7 inch) prepared angel food cake, frozen
1 c. cold water
1 (14 oz.) can Eagle Brand sweetened condensed milk (not evaporated)
1 tsp. almond extract
1 (4 serving size) pkg. instant vanilla pudding & pie filling
2 c. (1 pt.) whipping cream, whipped
4 c. peaches (about 2 lbs.), peaches must be sliced & fresh