Ingredients

4 cups water

1 cup sugar

3 ripe, halved peaches

1 cup syrup

8 ounces (1 cup) light rum

6 ounces (3/4 cup) sweet red vermouth

2 ounces (1/4 cup) fresh lemon juice (from 2 lemons)

6 dashes bitters

Crushed ice

Preparation

Bring water and sugar to a boil. Add peaches. Reduce heat, and simmer until tender, 5 to 7 minutes. Using a slotted spoon, transfer peaches to a plate, reserving syrup. Let peaches cool; peel, and pit. Stir together syrup, light rum, sweet red vermouth, fresh lemon juice, and bitters. Place half a peach in each of 6 saucer Champagne glasses. Fill with crushed ice, and top with punch.