TO MAKE IN A 9X13" GLASS BAKING DISH: In a large mixing bowl, beat cream cheese and confectioners’ sugar until smooth.
Gently fold in half of the whipped topping and all of the cake cubes.
Spread mixture evenly into an ungreased 9x13” glass baking dish.
Top with both cans of peach pie filling.
Cover and refrigerate at least two hours before cutting into squares.
TO MAKE IN A TRIFLE DISH: In a large mixing bowl, beat cream cheese and confectioners’ sugar until smooth.
Gently fold in half of the whipped topping and all of the cake cubes.
Spread half of the angel food cake mixture into a trifle dish.
Spoon one can of peach pie filling over top.
Spread remaining angel food cake mixture on top of the peach pie filling.
Top with remaining can of peach pie filling.
Spoon remaining whipped topping in center of the trifle dish leaving at least a two-inch border around the outside edge.
Spread with slices of unpeeled, fresh peaches, if desired.
Refrigerate until ready to serve.