Baked Peaches in Caramel Sauce

1. Preheat the oven to 400 degrees F.
2. Place peaches in a 3-quart casserole dish.
3. Add the sugars, butter, extracts, and rum to the peaches and toss.
4. Bake the peaches for 1 hour or until the peaches are completely tender.

For a thicker caramel sauce, remove some of the cooking liquid with a large spoon and put it into a saucepan. Cook the liquid down over high heat for 10 minutes or until the liquid is a syrup consistency. Do not stir.

Serve with vanilla ice cream or whipped cream!