Line a 9″ round cake pan with parchment paper.

2. Melt 1/4 cup butter and pour into the cake pan.

3. Mix the brown sugar and the nutmeg in a small bowl and sprinkle the mixture over the melted butter.

4.  Arrange the sweet peach slices in single layer over brown sugar mixture.

5.  In a large bowl, cream sugar and remaining butter until they are light and fluffy.

6. Beat in the egg and the vanilla.

7. Combine the flour, baking powder and salt.

8. Add to creamed mixture alternately with milk, beating well after each addition.

9. Carefully spoon the batter over the peaches.

10. Bake at 350° for 45-50 minutes or until a toothpick inserted in the center comes out clean.

11. Cool for 10 minutes before inverting onto cake plate.

12. Slice and serve with whipped cream.