Step 1

Place cream cheese, powdered sugar and vanilla in a bowl and beat with an electric mixer until smooth.

Step 2

Gently fold in the Cool Whip and spread the filling into the pie crust.

Step 3

Place the peach jelly into a microwaveable bowl and microwave on high for about 30 seconds.

Step 4

Stir in the peach juice and lemon juice.

Step 5

Add the peach slices and toss to combine.

Step 6

Arrange the peaches on top of the pie.

Step 7

Chill for at least 3 hours before serving.