Preheat oven to 400F. (375F. if using glass dish)
Put first 4 ingredients into medium bowl. Cut in margarine until coarse crumbs form. Combine milk and eggs. Add to dry ingredients, stirring until moist. Set aside.
Prepare peaches. Combine first 6 ingredients in large sauce pan. Cook and stir until thickened. Add peaches and lemon juice. Cook about 5 minutes or until peaches are hot and starting to soften. Place peach mixture into 8 inch square pan. (ungreased). Spoon topping on in mounds. Bake 20-25 minutes or until top is nicely browned. Spoon into bowl while warm. Serve with low-fat whipped cream or low-fat ice cream.
Cajun Country -- New Iberia, Louisiana