The concept of 'spot reducing' subcutaneous fat on any area of the body is a myth. It doesn't work and I'll outline a little more on that later on. There are exercises that will help build muscle(as already outlined by Jude) but any exercise program is only as good as:
1. A correct diet (And by diet I don't mean eating less, I mean eating nutritionally balanced meals and the correct amount of calories for you)
2. The effort you put in.
For a woman to see definition, a body fat percentage of roughly 12 - 18% is desirable. Body fat levels decrease all over your body. Have you ever seen someone with a fantastic toned stomach and flabby arms? I doubt it.
What you need then is a challenging all over workout with free weights and some cardio. By challenging I mean pick a weight that you can manage for 10 - 15 reps and go all out on your last set (3 to 5 sets) until you can't do another one. Your first 2 - 3 sets should be a light warm up. the last two should really push you. Thats the key. Otherwise you are just going through the motions. You all so need to cut out fat from your diet. Why consume fats that add to the problem you are trying to solve?
I have included the following 3 websites that provide information on training, good vs bad fats and a calorie counter and sample training guide from maximuscle. i know this info is brief, so if you require more details in any area don't hesitate to drop me a line.Best of luck.
http://leighpeele.blogspot.com/2007/05/c...
http://www.healthcastle.com/goodfats-bad...
http://www.maximuscle.co.uk