Thin foil hot press process was used to fabricate metal/intermetallic compound laminate composites to induce self-propagating high-temperature (SHS) reaction between different pure metal sheets. In the present study, Ni/Ni-aluminide and Ti/Ti-aluminide laminate composites were fabricated through diffusion bonding, reaction synthesis and post-heat treatment of alternatively stacked pure Ni/Al and Ti/Al foils, respectively. Thick intermetallic layers of NiAl and TiAl3 were formed by a self-propagating high-temperature synthesis (SHS) reaction, and thin continuous layers of Ni3Al and TiAl were formed by a solid-state diffusion. Also, Ni/Ni-aluminide//Ti/Ti-aluminide laminate composite, considered as a functionally gradient material, was manufactured from stacked foils of pure Ni, Ti and Al in order of Ni/Al/Ni/.../Ni/Al /Ti/.../Ti/Al/Ti. Nb/Nb-aluminide laminate composite was manufactured with pure Nb and Al multilayered foils, consisting of fine Nb/Nb3Al/Nb2Al/NbAl3 layer structure.