We study the existence or nonexistence of true trajectories of chaotic
dynamical systems that lie close to computer-generated trajectories.
The nonexistence of such shadowing trajectories is caused by finite-ti
me Lyapunov exponents of the system fluctuating about zero. A dynamica
l mechanism of the unshadowability is explained through a theoretical
model and identified in simulations of a typical physical system. The
problem of fluctuating Lyapunov exponents is expected to be common in
simulations of higher-dimensional systems.