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Preheat oven to 350°. Spray 8×8 glass casserole dish with cooking spray. Put bread and pecans into dish and gently mix together.
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In a medium bowl, mix eggs, milk, sugar, 1 tsp. cinnamon, and vanilla. Evenly pour mixture over bread cubes. Evenly spread the peaches on top of the bread mixture.
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Sprinkle ¼ tsp. cinnamon on top.
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Bake for 40 minutes or until top is golden brown. Allow to slightly cool. Top with a dollop of whipped cream.