I\'m using Eclipse 3.4 and Tomcat 5.5 and I have a Dynamic Web Project set up. I can access it from http://127.0.0.1:8080/project/ but by default it serves files from WebCon
you can specify location of webcontent in R-click on project > Properties > Deployment Assembly
This is what I did in mys STS, you can add or remove a location.