A curable, aqueous film-forming composition is provided that includes a polymeric binder comprising reactive functional groups, a crosslinking agent having at least two functional groups that are reactive with the functional groups of the polymeric binder, and a copolymer flow control agent comprising at least 30 mol % of residues containing alternating residues from a donor monomer and from an acceptor monomer. The copolymer contains at least 15 mol % of an isobutylene type donor monomer. Components (a) and (b) are substantially hydrophobic and are prepared as an aqueous dispersion comprising polymeric microparticles, prepared by mixing components (a) and (b) together under high shear conditions.A multi-component composite coating composition is also provided, comprising a base coat deposited from a pigmented film-forming composition and a transparent topcoat applied over the base coat. The topcoat is deposited from the film-forming composition described above.