Divide dough into thirds; roll out each on lightly floured surface to a 12 x 6-inch rectangle. Spread each with peach preserves; sprinkle with coconut. Starting with 12-inch side, roll jelly-roll fashion; seal edges. Place the 3 rolls side by side on greased cookie sheet; braid. Brush with melted butter. Combine sugar and nutmeg; sprinkle rolls with mixture. Cover; let rise in warm place until doubled, about 30 to 45 minutes. Bake at 375 degrees for 20 to 25 minutes, until golden brown. Yield: 1 Coffee Cake

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