Stable rank three vector bundles without theta divisors over bielliptic   curves
  Raynaud has shown that over a general curve of genus $g \ge 2$, every semistable bundle of rank three and integral slope admits a theta divisor. We show that this can fail for special curves: Over any bielliptic curve of genus $g \ge 5$, we construct a stable rank three bundle of trivial determinant with no theta divisor. This gives a partial answer to a question of Beauville. 
George H. Hitching
math.AG