The rotating shaft-hydrodynamic bearings systems operated with high speed and/or heavy load conditions expose serious rotor-dynamics instability problems due to characteristics of the supporting bearings. The stability and the dynamics of these systems, directly relate to the lubricant properties that are directly affect by the heat generation. In this study, the dynamic characteristics of a shaft-hydrodynamic journal bearing and its stability were investigated under variable viscosity. The equations of lubricant flow were derived by Dowson’s equation under variable viscosity, and the perturbation equations were obtained for 2 degrees-of-freedom system. The heat transfers between oil and the journal surface was modelled in a 3-dimensional energy equation, and the heat transfer on the journal structure was also modelled with heat conduction equation. An algorithm based on finite difference scheme with successive over relaxation method was developed to solve the theoretical models, simultaneously, and a serial simulation was performed to investigate the variations of the dynamic coefficients of the bearing-shaft system concerning the rotating speed for different radial clearance values. It was determined that the high speed increases the lubricant temperature, and so the static and dynamic performance characteristics decrease, moreover, this effect is more dominant for the smaller radial clearance.