In saucepan sprinkle gelatin over milk to soften; add sweetener.
Heat, stirring constantly, until gelatin has dissolved.
DO NOT BOIL.
Remove from heat; add peach and extract.
Beat evaporated skimmed milk with rotary beater until stiff peaks form; fold immediately into peach mixture.
Pour into small mold; sprinkle with cinnamon and chill for 1 hour.