1 tablespoon Worcestershire sauce
1/2 teaspoon garlic powder
2 tablespoons dried basil
6 (16 ounce) cans tomato puree
3 tablespoons dried Italian-style olives
In a medium saucepan, mix Worcestershire sauce, garlic powder, basil, and tomato puree. Cook over medium heat, stirring frequently, until mixture thickens.
Return pan to heat, and stir in tomato puree, Italian-style olives, and peaches. Stirring frequently to prevent sticking.
Pour mixture into saucepan and reduce heat. Simmer while stirring.