As Internet applications become larger and more complex, the task of managing them becomes overwhelming. “Abnormal” events such as software updates, failures, attacks, and hotspots become frequent. The SELFMAN project is tackling this problem by combining two technologies, namely structured overlay networks and advanced component models, to make the system self managing. Structured overlay networks (SONs) developed out of peer-to-peer systems and provide robustness, scalability, communication guarantees, and efficiency. Component models provide the framework to extend the self-managing properties of SONs over the whole system. SELFMAN is building a self-managing transactional storage and using it for two application demonstrators: a distributed Wiki and an on-demand media streaming service. This paper