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Dissolve small package of jello in 1 cup of boiling water. Add 8 oz. cream cheese, and stir until dissolved.
Place mixture in the refrigerator for about 1 hour, until it is thick but not completely jelled.
Fold in 8 oz. whipped topping, 1 small can of drained peaches, and 1/2 cup chopped pecans.
Refrigerate for at least 4 hours prior to serving.