The effect of dynamic surfactant adsorption on the stability of concentrated oil in water emulsions is studied. For this purpose, a modification of the standard Brownian dynamics algorithm (Ermak, D.; McCammon,J.A. J. Chem. Phys. 1978,69,1352) previously used to study the behavior of bitumen emulsions assuming instantaneous adsorption (Urbina-Villalba, G.; Garcia-Sucre, M. Langmuir 2000,16, 7975) was employed. In the present case, dynamic adsorption (DA) was accounted for through a time-dependent electrostatic repulsion between the drops, a function of the surfactant surface excess. The surface excess was allowed to evolve with time according to well-established analytical expressions which depend parametrically on the surfactant diffusion constant (D.) and the total surfactant concentration (C). The investigation required appropriate incorporation of hydrodynamic interactions in concentrated systems. This was achieved through a novel methodology, which expresses the diffusion constant of each particle as a function of its local concentration and the shortest distance of separation between nearest neighbors. In model systems, the variation of the number of drops as a function of time was followed for different magnitudes of the apparent diffusion constant D-app of the surfactant. For each of these values, the effect of C and the volume fraction of internal phase (0) was considered. DA was found to influence emulsion stability appreciably at moderately high phi. In this case, the average collision time between drops is comparable to the time required for the occurrence of a substantial surfactant adsorption, but the interdrop separation is sufficiently large to prevent a considerable slowdown of particle movement due to hydrodynamic interactions.