1Preheat oven to 425^.
In a large saucepan over medium heat, combine the first 4 ingredients. Cook, stirring constantly, until mixture boil. Boil for 1minutee, then remove from heat.
In a large bowl, stir together the next 5 ingredients to form a soft dough. Remove to floured surface of Bisquick and knead 8 to 10 strokes. Roll out into a 9-inch square.
Spread soft margarine over dough. Combine sugar and cinnamon and sprinkle over dough. Roll dough into jelly roll shape and cut into six slices 1 1/2 inch wide. Pour the hot peach mixture into and 8-inch square baking pan. Place roll slices, cut side up, on top of peach mixture.
Bake for 20-25 minutes ,until puffed and golden. Serve warm. Great with coffee and ice cream for an afternoon treat, too.