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We have studied the dynamic switching triggered by spin angular momentum transfer in a pulsed current of a spin-valve-type trilayer structure, and its dependence on thermal effects. In order to determine the current pulse parameters, where fast and stable switching can be achieved, we have studied the magnetization’s dynamics properties as a function of applied current pulse amplitude and shape, waiting time, and initial orientation, and also as a function of the Gilbert damping constant. The magnetic layer is assumed to be single domain, ellipsoid shaped. In this paper also we present the thermal fluctuation effects on the switching behavior. The model is based on the Landau–Lifshitz–Gilbert equation and the stochastic Landau–Lifshitz–Gilbert equation with a spin-transfer term included, which are numerically integrated.