The Terrestrial Planet Finder Interferometer (TPF-I) mission requires a set of formation-flying collector telescopes that direct the incoming light to a beam combiner where the beams are combined and detected to identify habitable planets. A baseline TPF collector design, using a primary mirror of 4.2 meters in diameter, is used here to conduct a dynamic study. The objective is to investigate the effects of dynamic response of the spacecraft on the system optical performance at the presence of disturbances that arise from the reaction wheel assembly and thruster loading, respectively. Frequency responses where the frequency is associated with the flywheel speed are presented in the paper. The results focus on the surface oscillation of the primary mirror and the point at which the secondary mirror is located. Transient response simulations under the baseline four thruster-assembly configuration were conducted using various duty cycles and thrust levels determined by the TPF formation rotation requirements. This paper will also describe an investigation conducted using new IMOS (Integrated Modeling of Optical Systems), which is an open, multi-disciplinary, and Matlab-based dynamic/optical system simulation code. A pre-processor that is able to generate the sub-structure modal models required by ISYSD (Integrated System Dynamics) was developed in new IMOS. ISYSD is used to develop a high-fidelity system dynamic model by integrating the sub-structure modal models. Finally, the paper will summarize current and future work in order to meet the TPF dynamic requirements.