Step 1

Peel and slice peaches. Place in a large bowl and set aside.

Step 2

Mix sugar, cinnamon, and cornstarch in a small bowl and set aside.

Step 3

Put butter and water into a small sauce pan. Heat over medium heat until butter is melted. Slowly pour in sugar mixture, stirring constantly. Continue to stir and heat until the sauce becomes thick.

Step 4

Remove from heat and pour over peaches. Add vanilla extract and stir until peaches are coated. Pour into a prepared pie crust. Serve hot or chill in the fridge until ready to serve.