Vanilla brings out the flavor of ripened peaches in this sweet and gentle compote. It is superb served with Simple Vanilla Ice Cream, but it's a true delight with caramel-based ice creams or gelato.

1. Place all ingredients except the vanilla in a medium saucepan, and cook over medium-high heat. Allow to simmer for 13–15 minutes, until sauce is thickened.

2. Remove from heat and stir in vanilla. Let cool to room temperature.

3. Refrigerate, covered, until needed.