Combine in covered container 24 hours:

16 oz. can sliced peaches (undrained)
1/2 c. Dekuypis peach Schnapps
1 c. sugar
1/4 c. orange juice

Remove peach slices and puree. Mix together:

1 c. pureed peaches
1/2 c. liquid from above mixture
1 deluxe yellow cake mix
1 pkg. (sm.) instant vanilla pudding mix
4 eggs
2/3 c. oil

Mix well and bake at 350 degrees for 40 minutes in a lightly greased Bundt pan.

GLAZE:

Mix 1/4 cup of peach liquid mixture with 1/2 cup powdered sugar. Pour over cake.