Crust
3 tablespoons margarine
1/3 cup granulated sugar
1 egg
3/4 cup flour

Filling
24 ounces cream cheese, softened
3/4 cup granulated sugar
3 tablespoons flour
3 eggs
1 (16 ounce) can peach halves, drained and pur?d
1/4 cup almond flavored liqueur

Combine margarine and sugar until light and fluffy. Blend in egg. Add flour; mix well. Spread dough onto bottom of a 9-inch springform pan. Bake at 450 degrees F for 10 minutes.

Combine cream cheese, sugar and flour, mixing at medium speed of electric mixer until well blended. Add eggs, one at a time, mixing well after each addition. Add peaches and liqueur; mix well. Pour over crust. Bake at 450 degrees F for 10 minutes. Reduce oven temperature to 250 degrees F. Continue baking for 65 minutes. Loosen cake from rim of pan; cool before removing rim of pan. Chill.

Garnish with peach slices and sliced almonds, toasted, if desired.