Reactor dynamics were studied by reactor noise at TRIGA MARK Il reactor whose rated power is 250KW thermal. The power spectral densities(PSD) of the noise were measured by stochastic method with high resolution digital filters and Fast Fourier Transformers. The transfer function of the reactor at zero power was identical to the theoretical characteristics. When the power was increasec above 1KW, reactor showed its poswer resonances at 3Hz and 10 Hz. It was analyzed that 3Hz peak was generated by heat transfer and coolant flow effects and 10Hz peak by nuclear reaction effects.