Peach Daiquiris

1 (10 ounce) package frozen peaches
1 (6 ounce) can frozen lemonade
    concentrate, thawed and undiluted
1 cup water
3/4 cup rum

Combine all ingredients in a blender container; process until smooth. Spoon into a freezer container, and freeze. Let stand at room temperature 15 minutes or until slushy before serving.

Makes 1 quart.