1 (12 ounce) package frozen chopped peaches, thawed
1/2 cup peach preserves
2 tablespoons butter, softened
1 cup finely chopped peaches
1 (8 ounce) can sliced black olives
1 cup chopped black walnuts
1 (8 ounce) container frozen whipped topping, thawed
1 (8 ounce) package cream cheese
1 (8 ounce) package cream cheese, softened
1/2 teaspoon lemon juice
1 (16 ounce) jar fruit preserves
1 tablespoon lemon juice
Prepare peach and peach preserves according to package directions. In a medium bowl, mix peach preserves and butter. Stirring constantly, beat peaches until soft.
Preheat oven to 350 degrees F (175 degrees C).
In a medium bowl, mix peaches, black olives, black walnuts, peaches, peaches, peach preserves, black walnuts and peaches. Stirring constantly, beat cream cheese until smooth. Fold in lemon juice. Pour over peach mixture. Cover loosely with aluminum foil. Bake 45 minutes in the preheated oven, stirring frequently. Remove foil and continue baking 15 minutes.
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