Peach Cobbler

 5 fresh peaches or 1 qt. canned peaches

 3/4 c. sugar

 Peel, pit and slice peaches. Place in a large saucepan with the sugar. Bring to a boil while stirring occasionally.

 Beat together:

 1 c. flour

 2 tsp. baking powder

 1/2 tsp. salt

 1 c. sugar

 3/4 c. milk

 1 egg

 Pour boiling fruit and juice into an 8 or 9 inch square pan sprayed with Pam. Don't put more than 1/2 inch of juice in the baking pan. Pour the batter over the hot peaches and juice.

 Melt:

 1/2 cube margarine

 Pour over the batter in a drizzle. Sprinkle with cinnamon and nutmeg. Bake at 350 degrees for 30 to 40 minutes. Serve plain or with milk, Half & Half or ice cream. Apricots may be substituted for the peaches