1 c. butter, softened
3 c. sugar
3 3/4 c. sifted all-purpose flour
1/2 tsp. baking powder
1 c. milk
1 tsp. almond extract
1 pkg. (16 oz.) frozen peaches (thawed and diced)

Cream butter and sugar until light and fluffy. Add eggs one at a time, beating well after each addition.

Sift together flour and baking powder. Add to creamed mixture alternately with milk, beginning and ending with flour mixture. Add almond extract and stir in peaches. Mix well.

Pour into greased and floured 10 inch tube pan. Preheat oven to 350 degrees. Bake 1 hour 30 minutes. Cool 15 minutes before removing from pan. Frost with Cream Cheese Frosting.

CREAM CHEESE FROSTING:

1 pkg. (8 oz.) cream cheese, softened
1/4 c. softened butter
1 tbsp. milk
1/2 tsp. almond extract
1 box (16 oz.) confectioners' sugar (sifted)

Cream butter and cream cheese together. Add milk and almond extract. Gradually add confectioners' sugar, beating until smooth.