Combine the first 3 ingredients in a medium saucepan over
medium-high heat. Bring to a boil; reduce heat, and simmer 3
minutes. Place peach mixture in a blender; let stand for 20
minutes. Remove center piece of blender lid (to allow steam to
escape); secure blender lid on blender. Place a clean towel over
opening in blender lid. Blend until smooth. Pour into a large
bowl. Refrigerate for at least 3 hours.
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