This study is concerned with the detailed analysis of the dynamic instab&gi of cowzpmite-rn~terii~I drivc shaf~s ssubkct to ,Owtzarkg tc-qae and/or rotational p e d hy usinz various thin shell theories. The theory is the dynamic analog of the Sanders best first approximation. By means of tracers, the analysis can be reduced to that of various simpler shell theories, i.e. Love's first approximation, Loo's, Morley's and Donneli's shell theories. The analysis includes the combined effects of torsion and rotation. The rotational effects contain the centrifugal and Coriolis forces. As an example, dynamic instability regions are presented for a simply supported, v e y long drive shaft subject to fluctuating torque and/or rotational speed. Effects of constant torque and rotational speed are also investigated.