Combine the peaches ( including the juice) and the sugar in a blender,
and process until smooth.
pour the mixture into a 1-quart pot, place over medium heat, and cook
until heated through. Remove the pot from the heat and stir in the
butter-flavored extract.
Serve warm over pancakes, French toast, or waffles. Store any leftover
sauce in the refrigerator for up to 1 week.
Canned Lite Apricots may be substituted for the peaches.