Frozen Peaches & Cream Crisp

quick rolled oats

finely chopped nuts (I used walnuts)

firmly packed brown sugar

butter, melted

pkg. (8 oz.) cream cheese softened (can be 1/3 less fat, but I’m not sure why one would bother considering the other ingredients)

powdered sugar, sifted

frozen whipped topping,thawed

sweetened condensed milk (or make your own)

pureed peaches (about 4 small peaches)

whipping cream, whipped till soft peaks form

additional peaches, peeled and chopped

drops each red and yellow food coloring