Step 1

Using a medium-sized mixing bowl and a handheld mixer on medium-high speed, beat together the softened cream cheese and powdered sugar for 1½ to 2 minutes, until smooth.

Step 2

Whisk in the thawed whipped topping and peach-flavored gelatin.

Step 3

Fold in the drained and diced peaches and mini marshmallows. Tightly cover and chill in the refrigerator for 2 hours.

Step 4

Just before serving, fold in the chopped pecans. Serve chilled.