Angel food loaf cake

1 (14 oz.) Eagle Brand sweetened condensed milk (not evaporated)
1 c. water
1 (3 1/2 oz.) vanilla instant pie and pudding
1 tsp. almond extract
2 c. Cool Whip
4 c. fresh or frozen peaches

Mix Eagle Brand sweetened condensed milk, water, pudding mix. Beat and chill. Cut cake into slices, put half on bottom of pan. Mix extract in with whipped cream and fold with above mixture. Pour half of mixture over cake, layer on peaches, add another layer of cake. Top with rest of mix. Layer on peaches. Chill 4 hours.