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Preheat oven to 400 degrees.
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Line a baking sheet with parchment or a silicone baking pad.
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Peel and slice peaches. Mix with one tablespoon sugar in a bowl. Set aside.
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In a medium bowl, beat cream cheese. Add powdered sugar, two egg yolks, and vanilla. Beat until smooth.
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On a floured surface, unfold pastry sheets. Gently roll out each sheet so crease marks are smooth.
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Use a 4" biscuit cutter (or glass) and cut out 4 circles on each sheet.
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Transfer to the baking sheet. Take a smaller 2" biscuit cutter (or glass) and score the center of each pastry. This will allow the dough to rise on the outside.
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Spread two tablespoons of the cream cheese filling in the center of each circle. Top with sliced peaches.
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Sprinkle with sugar. Brush edges with reserved egg whites.
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Bake for 18-20 or until golden brown.
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Allow to cool on a rack. Sprinkle with powdered sugar when cooled.