Pre heat oven to 375 degrees. Prep peaches. If using fresh peaches, peel, pit and thinly slice. Grease skillets with butter.
Combine sliced peaches with sugar, flour, vanilla, almond, cinnamon, and water and mix well. Pour filling into the baking dish. Add butter cut into small pieces onto the tops of the peach filling.
Combine topping ingredients and stir until well blended. Spoon or scoop the topping evenly over the peaches, spreading it gently to cover as much as possible. Bake cobbler for 35 minutes in regular sized skillet, 22 minutes in mini skillets, or until topping is golden.
Serve warm with cream or ice cream.