When peaches are in season, substitute 4 peeled and sliced peaches.
Combine sugar, corn starch and orange juice in a 2-quart saucepan. Mix well and add peaches.
Bring to a boil over medium-high heat, stirring constantly; boil 1 minute. Remove from heat and add peach liqueur and almond extract.
Serve over ice cream or pound cake. For extra appeal, stir in 1/2 cup fresh raspberries just before serving.