1. In a small sauce pan over medium heat, melt 1/4 cup of butter until foamy. Add in 1/2 cup of brown sugar and continue to cook 3 - 5 minutes or until tiny bubbles form around the edge of the pan.
1. Pour 1/4 cup of caramel into the bottom of a 10" pie pan. Spoon the caramel covered peaches on top, being careful not to add the liquid from the bottom of the bowl.