UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. _____________)*
Income Opportunities Fund 1999, Inc.
- -----------------------------------------------------------------------
(Name of Issuer)
Common Stock, par value $0.01
- -----------------------------------------------------------------------
(Title of Class of Securities)
45333P107
-----------------------
(CUSIP Number)
December 31, 1997
-----------------------
(Date of Event Which Requires
Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which
this Schedule is filed:
[X] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[ ] Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a
reporting person's initial filing on this form with respect to
the subject class of securities, and for any subsequent amendment
containing information which would alter the disclosures provided
in a prior cover page.
The information required in the remainder of this cover page
shall not be deemed to be "filed" for the purpose of Section 18
of the Securities Exchange Act of 1934 ("Act") or otherwise
subject to the liabilities of that section of the Act but shall
be subject to all other provisions of the Act (however, see the
Notes).
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SEC 1745 (2/92)
CUSIP No. 4533P107 13G Page 2 of 5 Pages
- -------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Credit Suisse First Boston, on behalf of the Credit Suisse First
Boston business unit
- -------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)[ ]
(b)[X]
- -------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Switzerland
- -------------------------------------------------------------------------
5 SOLE VOTING POWER
- 0 -
NUMBER OF ---------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 3,138,897 shares Common Stock, par value $0.01
EACH ---------------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH - 0 -
---------------------------------------------------------
8 SHARED DISPOSITIVE POWER
3,138,897 shares Common Stock, par value $0.01
- -------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,138,897 shares Common Stock, par value $0.01
- -------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES [ ]*
- -------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
5.65%
- -------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
BK, HC, OO
- -------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
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Item 1.
(a) Name of Issuer:
Income Opportunities Fund 1999, Inc.
(b) Address of Issuer's Principal Executive Offices:
Merrill Lynch
800 Scudders Mill Road
Plainsboro, N.J. 08536
Item 2.
(a) Name of Person Filing:
Credit Suisse First Boston on behalf of the Credit
Suisse First Boston business unit. See Schedule I.
(b) Address of Principal Business Office:
Uetlibergstrasse 231, P.O. Box 900, Zurich, Switzerland
(c) Citizenship:
Switzerland
(d) Title of Class of Securities:
Common Stock, par value $0.01
(e) CUSIP Number:
45333P107
Item 3. If this statement is filed pursuant to Rule 13d-1(b), or
13d-2(b) or (c), check whether the person filing is a(n):
(a) [ ] Broker or Dealer registered under Section 15 of the Act
(15 U.S.C. 78o)
(b) [X] Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c)
(c) [ ] Insurance Company as defined in Section 3(a)(19) of the Act
(15 U.S.C. 78c)
(d) [ ] Investment Company registered under Section 8 of the
Investment Company Act (15 U.S.C. 80a-8)
(e) [ ] Person registered as an investment adviser under Section 203
of the Investment Advisers Act of 1940 (15 U.S.C. 80b-3)
or under the laws of any state.
(f) [ ] Employee Benefit Plan or Endowment Fund in accordance with
Section 240.13d-1(b)(1)(ii)(F)
(g) [X] Parent Holding Company or Control Person in accordance with
Section 240.13d-1(b)(ii)(G)
(h) [ ] Savings Association as defined in Section 3(b) of the Federal
Deposit Insurance Act (12 U.S.C. 1813)
(i) [ ] Church Plan that is excluded from the definition of an
investment company under Section 3(c)(14) of the
Investment Company Act of 1940 (15 U.S.C. 80a-3)
(j) [ ] Group in accordance with Section 240.13d-1(b)(1)(ii)(J)
If this statement is filed pursuant to Section 240.13d-1(c),
check this box [ ]
Item 4. Ownership*
(a) Amount Beneficially Owned:
See response to Item 9 on the attached cover page
(b) Percent of Class:
5.65%
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(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote:
See response to Item 5 on the attached cover pages.
(ii) shared power to vote or to direct the vote:
See response to Item 6 on the attached cover pages.
(iii) sole power to dispose or to direct the disposition of:
See response to Item 7 on the attached cover pages.
(iv) shared power to direct the disposition of:
See response to Item 8 on the attached cover pages.
Item 5. Ownership of Five Percent or Less of a Class
If this statement is being filed to report the fact that as of
the date hereof the reporting person has ceased to be the
beneficial owner of more than five percent of the class of securities,
check the following [ ].
Item 6. Ownership of More than Five Percent on Behalf of Another Person
N/A
Item 7. Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on By the Parent Holding Company*
See Schedule I
Item 8. Identification and Classification of Members of the Group
N/A
Item 9. Notice of Dissolution of Group
N/A
Item 10. Certification
By signing below I certify that, to the best of my knowledge
and belief, the securities referred to above were acquired and
are held in the ordinary course of business and were not
acquired and are not held for the purpose of or with the effect
of changing or influencing the control of the issuer of such
securities and were not acquired and are not held in connection
with or as a participant in any transaction having that purpose
or effect.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this
statement is true, complete and correct.
Date: February 13, 1998 CREDIT SUISSE FIRST BOSTON, acting solely
on behalf of the Credit Suisse First
Boston business unit
By: /s/ William W. Chandler
-------------------------------
Name: William W. Chandler
Title: Director
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Schedule I
This Schedule 13G is being filed by Credit Suisse First
Boston (the "Bank"), a Swiss Bank, on behalf of itself and its
consolidated subsidiaries, to the extent that they constitute
part of the Credit Suisse First Boston business unit (the "CSFB
business unit" or the "Reporting Person"). The CSFB business unit
is engaged in the corporate and investment banking, trading
(equity, fixed income and foreign exchange), private equity
investment and derivatives businesses on a worldwide basis. The
Bank's registered head office is located at Uetlibergstrasse 231,
P.O. Box 900, CH-8045 Zurich, Switzerland. The Bank and its
consolidated subsidiaries engage in other separately managed
activities, most of which constitute the independently operated
Credit Suisse Asset Management business unit; the Credit Suisse
Asset Management business unit provides asset management and
investment advisory services to institutional investors
worldwide.
Credit Suisse First Boston Corporation ("CSFBC"), a Massachusetts
corporation, a broker-dealer registered under Section 15 of the
Securities Exchange Act of 1934 an indirect wholly owned
subsidiary of the Bank, directly beneficially owns the securities
reported herein. The principal business office of CSFBC is 11
Madison Avenue, New York, New York 10010.
The ultimate parent company of the Bank is Credit Suisse Group
("CSG"), a corporation formed under the laws of Switzerland. The
principal business of CSG is acting as a holding company for a
global financial services group with five distinct specialized
business units that are independently operated. In addition to
the two business units referred to above, CSG and its
consolidated subsidiaries (other than the Bank and its
subsidiaries) are comprised of (a) the Credit Suisse Private Bank
business unit that engages in global private banking business;
(b) the Credit Suisse business unit that engages in the Swiss
domestic banking business and (c) the Winterthur business unit
that engages in the global insurance business. CSG's business
address is: Nuschelerstrasse 1, CH-8070, Zurich, Switzerland.
CSG, for purposes of federal securities laws, may be deemed
ultimately to control the Bank, and the CSFB business unit. CSG,
its executive officers and directors, and its direct and indirect
subsidiaries (including all of the business units except the CSFB
business unit), may beneficially own shares of Common Stock, and
such shares are not reported in this statement. Due to the
separate management and independent operation of its business
units, CSG disclaims beneficial ownership of shares of Common
Stock beneficially owned by its direct and indirect subsidiaries,
including the Reporting Person. The Reporting Person disclaims
beneficial ownership of shares of Common Stock beneficially owned
by CSG and any of CSG's and the Bank's other business units.
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