Preheat oven to 425
Prepare fruit: in medium saucepan, combine peaches with remaining 1/3 cup sugar, cinnamon, 1T butter, lemon juice. Cook, stirring over low heat until it boils. Keep hot.
Prepare topping: In medium bowl, combine biscuit mix with T sugar. In small bowl, with rotary beater, combine oil, egg, milk. Make a well in center of biscuit mix. Add milk mix; stir only until dampened.
Pour hot fruit into 2 quart baking dish. Drop topping into 6 portions onto hot fruit.
Bake 15-20 min or until topping is firm and golden brown.
Serve warm with light cream or ice cream if wanted.
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