Drain peaches, but reserve juice and set aside. Just peach slices into bite sized pieces. I cut each slice into thirds.

Add 2 cup of juice (add water if needed to make 2 cups) to a sauce pan and whisk in the cornstarch. Add in the sugar,cinnamon, vanilla, and diced peaches and stir together.

Bring to a boil over medium heat. Boil for a few minutes until thickened. Allow to cool and serve over waffles, pancakes, desserts, etc. Makes 3 cups.