We construct solutions of type IIB supergravity corresponding to seven-bran
es, an O7 plane, and three-branes. By considering a probe moving in this ba
ckground, with constant coupling and an AdS(5) component in its geometry. w
e are able to reproduce the exact low energy effective action for N=2 super
Yang-Mills theory with gauge group SU(2) and N-f =4 massless flavors. Afte
r turning on a mass for the flavors we find corrections to the AdS(5) geome
try. In addition, the coupling shows a power law dependence on the energy s
cale of the theory. The origin of the power law behavior of the coupling is
traced back to instanton corrections. Instanton corrections to the four de
rivative terms in the low energy effective action are correctly obtained fr
om a probe analysis. We study how these instanton corrections are reflected
in the background geometry by calculating the quark-antiquark potential. F
inally we consider a solution corresponding to an asymptotically free field
theory. Again, the leading form of the four derivative terms in the low en
ergy effective action is in complete agreement with held theory expectation
s. [S0556-2821(99)02020-2].