We give an overview of various composite BPS configurations of string
theory and M-theory p-branes represented as classical supergravity sol
utions. Type II string backgrounds can be obtained by S-and T-dualitie
s from the NS-NS configurations corresponding to exact conformal sigma
-models. The single-centre solutions can also be generated from the Sc
hwarzschild solution by applying a sequence of boosts, 'smearings' in
some number of dimensions, dualities and taking the extremal limit. Th
e basic 'marginal' backgrounds representing threshold BPS bound states
of branes are parametrized by a number of independent harmonic functi
ons, one for each brane. 'Non-marginal' BPS configurations in D = 10 c
an be constructed from the marginal ones using U-duality and thus are
parametrized, in addition to harmonic functions, by a finite number of
O(d, d) and SL(2, R) 'angles'. Some of them can be viewed as dimensio
nal reductions of coordinate-transformed (boosted or rotated) marginal
configurations of M-branes. We present a new more general class of co
nfigurations in which some of the branes or their intersection spaces
are localized on other branes. In particular, we find the supergravity
background describing the type II BPS configuration of a 3-brane, RR
5-brane and NS-NS 5-brane, and a related 'localized' 2-5-5 D = 11 solu
tion. We also consider the classical action for a 3-brane probe moving
in such type IIB backgrounds and determine the structure of the corre
sponding moduli space metrics.