Bake cake according to directions, but substitute orange juice for 1 cup of the water. Bake in a greased and floured jelly roll pan for 15-18 minutes at 350 degrees. Cool cake and cut into strips.
In a trifle bowl, stand cake strips around the outside edge and place a large square chunk in the bottom center.
Prepare pudding using 2 cups of milk and 1 cup of syrup drained off of peaches or if desired use 1 cup Peach Schnapps instead of syrup. Spoon pudding mixture over cake.
Alternate layers of Cool Whip, peaches, cake, pudding and pie filling, ending up with Cool Whip. Garnish with peach slices. Refrigerate until time to serve.
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