Preheat oven to 400 degrees. (1) Melt 1/2 stick butter in 13x9 metal baking pan. (2) In heavy saucepan, combine 1-28 oz can peaches (undrained), 1 cup sugar, 1/2 cup water. Bring to a boil. (3) in small bowl, combine 3/4 cup water & 1 heaping tablesp