Cut bananas and peaches into bite-size pieces. Place fruit in a foil pan or make your own pan with heavy-duty foil. In a bowl, stir together honey, butter or margarine and 1/2 teaspoon cinnamon. Spoon over fruit. Toss to coat fruit.
Place the pan of fruit over medium coals;* grill for 8 to 10 minutes or until heated through, stirring often.
Serve the warm peaches and bananas over the slices of pound cake.
Stir together whipped topping, 1/2 teaspoon cinnamon and the nutmeg. Dollop some of the mixture on top of each serving. Makes 10 servings.
To test for medium heat, you should be able to hold your hand at the height of the food for 4 seconds before you have to pull away.