In a mixing bowl, add the drained peach slices.
Add ½ cup sugar, cinnamon, 1 tsp vanilla and mix.
In another mixing bowl, add flour, 1 cup sugar, baking powder, salt, milk, egg, 1 tsp vanilla. Mix well.
Pre-heat oven to 350 degrees F.
Melt 1 butter and pour into a baking dish (8.5 x 6.5 in)
Pour batter gently over the butter but do not stir.
Gently dish the peaches over the batter uniformly.
Bake in oven for 45-55 minutes.
Take it out and let it cool for 15 minutes