I am trying to import an existing eclipse project into jdeveloper.
It is an 'ant build' - I was hoping to import using the xml build file
or something to that effect - NO LUCK!.

Please if anyone can help out that would be great.

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Thanks

In general you'll get faster answers to JDeveloper questions on the
OTN JDeveloper discussion forum:
http://forums.oracle.com/forums/forum.jspa?forumID=83

To import your project go through - file->New->Projects->Project from
existing source (or project from WAR file).
Then go into project properties->Content and the sub-nodes there and
fix any missing issues.
Also look into the project properties->libraries