Cut cake into 1/4 slices; arrange half the slices on bottom of 13x9-inch baking dish.
In large bowl, combine EAGLE BRAND®, water and almond extract. Add pudding mix; beat well.
Chill 5 minutes. Fold in whipped cream. Spread half the cream mixture over cake slices; arrange half the peach slices on the top. Repeat layering, ending with peach slices. Chill 4 hours or until set. Cut into squares to serve. Refrigerate leftovers.