Stir together honey, melted margarine or butter, and 1/4 teaspoon cinnamon in a small container; cover and transport.
To cook, cut bananas and peaches into bite-size pieces. Place fruit in a disposable foil baking pan. Add honey mixture and toss to coat fruit.
Cook fruit over campfire or on the rack of an uncovered grill over medium heat for 8 to 10 minutes or until heated through, stirring often.
Spoon warm fruit over pound cake slices. Stir together whipped topping, 1/4 teaspoon cinnamon, and nutmeg. Spoon some on top of each serving. Makes 5 servings.