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
if you're running windows, use the junction utility from MS : http://technet.microsoft.com/en-us/sysinternals/bb896768.aspx and map your share directory to the Webcontent folder. I've regularly done several of these mappings quite regularly.