If you mean the ?WSDL option, I think yes...I'm almost sure that .NET does that (.asmx?WSDL to get the WSDL file from a .NET deployed web service) and (correct me if I'm wrong) I think this behaviour tends to become a standard among all platforms.
On the other hand, I don't think that Axis stores them in some place. It seems to me that it produces them ad hoc. But that's only my notion, I can't prove it... Costas Polychronopoulos
