Crush wafers and place layer in bottom of large cake pan. Save some to sprinkle on top. Beat egg whites til stiff and set aside. Cream butter, powdered sugar and egg yolks then gently fold in whipped egg whites. Spoon this on top of waffers crumbs. Slice fresh peaches on top. This may take 8-10 depending on size of peaches. Top off with sweetened whipped cream and remaining wafer crumbs. Refrigerate at least over night before serving.
though we have been eating this for years and have not gotten sick from using uncooked eggs.