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Step 1
Preheat oven to 350ºF. Gently rub the peaches under running water to remove fuzz, and slice peaches. (You will have about 4 cups.) Place butter in an 11- x 7-inch baking dish; place dish in oven until butter melts. Stir together flour, sugar, milk, and vanilla in a bowl, and pour onto melted butter. (Do not stir.) Spoon peaches over mixture. (Do not stir.)
Step 2
Bake in preheated oven until brown and bubbly, 45 to 50 minutes.