A new mechanism for causing naked singularities is found in an effective superstring theory. We investigate the gravitational collapse in a spherically symmetric Einstein-Maxwell-dilaton system in the presence of a pure cosmological constant "potential", where the system has no static black hole solution. We show that once gravitational collapse occurs in the system, naked singularities necessarily appear in the sense that the field equations break down in the domain of outer communications. This suggests that in generalized theories of gravity, the non-minimally coupled fields generically cause naked singularities in the process of gravitational collapse if the system has no static or stationary black hole solution.The singularity theorem [1] states that the occurrence of singularities is inevitable under some physical conditions in general relativity. There are two notable scenarios where singularities may appear in our universe. One is the initial singularity at the birth of the universe and the other is the final stage of gravitational collapse. In the latter case we believe that an event horizon is formed which encloses all occurring singularities as the collapse proceeds, following the cosmic censorship hypothesis (CCH) [2]. CCH is classified into two types, the weak cosmic censorship hypothesis (WCCH) and the strong one (SCCH). WCCH says that observers at an infinity should not see singularities while SCCH says that no observer should see them and the whole region of a space-time can be uniquely determined by initial regular data. Mathematically, SCCH is equivalent to the statement that no Cauchy horizon can be formed in a physical gravitational collapse.Recently many elegant results [3] suggest that SCCH holds for charged and/or rotating black holes due to the destruction of the Cauchy horizon by the mass inflation phenomenon. The general proof of CCH is, however, far from complete and many counter examples have been found in the framework of general relativity [4] Maxwell-dilaton system, which comes from an effective superstring theory, and later Garfinkel, Horowitz and Strominger [6] showed that the inner (Cauchy) horizon in the Reissner-Nordström solution is replaced by a spacelike singularity. This suggests that the occurrence of the inner horizon is not generic and hence SCCH holds if we take the effect of string theory into account. On the other hand Horne and Horowitz [7] obtained the opposite result that extremal electrically charged non-static black hole solutions in the presence of a central charge have timelike singularities. It seems, however, not to be a counter example of SCCH in the sense that such solutions have no regular initial spacelike hypersurface because of the central singularities. Thus, the following question naturally arises. Does CCH really hold in generalized theories of gravity? There is not much evidence deciding the matter yet because the above results do not take any physical process of the gravitational collapse from initial regular data into account. Although a ...