Peaches and Cream Dessert

3/4 cup flour
4 serving size pkg. regular vanilla pudding mix
1 tsp. baking powder
1 beaten egg
1/2 cup milk
3 Tbsp. margarine, melted
16-oz. can peach slices
8 oz. pkg cream cheese, softened
1/2 cup sugar
1 Tbsp. sugar
1/2 tsp. ground cinnamon
Stir together flour, pudding mix and baking powder. Combine egg, milk and melted margarine; add to dry ingredients. Mix well; spread in greased 8 in. square baking pan. Drain peaches; sprinkle on top of batter. Beat together cream cheese, 1/2 cup sugar and reserved peach liquid; Pour on top of peaches in pan. Combine 1 Tbsp. sugar and cinnamon; sprinkle over all. Bake at 350 degrees for 45 min. Cool in refrigerator.