Pre-heat oven to 350°. In a 2-quart baking dish, melt the margarine. Sift together flour, baking powder and sugar. Stir milk into the flour mixture; mix well by hand. Pour the batter over the melted butter in the baking dish. Then place the peaches on top of the batter. (If using canned peaches, add about 1/3 of the liquid with them.) Bake in a 350° oven for 45 minutes or until golden brown.
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