CREDIT SUISSE ASSET MANAGEMENT STRATEGIC GLOBAL INCOME FUND, 497, 1999-10-01

CREDIT SUISSE ASSET MANAGEMENT STRATEGIC GLOBAL INCOME FUND
497, 1999-10-01

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<PAGE>
FILED PURSUANT TO RULE 497(c)
SECURITIES ACT FILE NO. 333-84153
INVESTMENT COMPANY ACT FILE NO. 811-5458
PROSPECTUS
CREDIT SUISSE ASSET MANAGEMENT
STRATEGIC GLOBAL INCOME FUND, INC.
2,818,047 SHARES OF COMMON STOCK
ISSUABLE UPON EXERCISE OF RIGHTS
TO SUBSCRIBE FOR SHARES
-----------
Credit Suisse Asset Management Strategic Global Income Fund, Inc. is issuing
to its shareholders rights to purchase additional shares. You will receive one
right for each share of common stock you own on the record date, which is
September 27, 1999. You need three rights to purchase one share at the
subscription price per share. The Global Income Fund will not issue fractional
shares upon the exercise of less than three rights. If you exercise all your
rights you will be entitled to subscribe for additional shares not acquired by
other shareholders. The Global Income Fund may increase the number of shares
subject to subscription by up to 25%, or 704,512 shares, for an aggregate total
of 3,522,559 shares. The rights are not transferable; you may not purchase or
sell them and they will not trade on the New York Stock Exchange (the "NYSE") or
any other exchange. The shares to be issued pursuant to the rights will trade on
the NYSE under the symbol "CGF."
The subscription price per share will be 95% of the lower of:
(1) the average of the last reported sales price of a share on the NYSE on
the expiration date of the offer and on the previous four business days,
and
(2) the net asset value per share as of the close of business on the
expiration date of the offer.
You will not know the actual subscription price at the time you exercise
your rights. Once you subscribe for shares and the Global Income Fund receives
payment or a guarantee of payment, you will not be able to change your decision.
THE OFFER WILL EXPIRE AT 5:00 P.M., NEW YORK CITY TIME, ON OCTOBER 22, 1999,
UNLESS EXTENDED TO NOT LATER THAN OCTOBER 29, 1999.
The Global Income Fund is a closed-end, diversified management investment
company. Its investment objective is high current income consistent with the
preservation of capital. The Global Income Fund invests in higher-yielding U.S.
and foreign fixed-income securities, with an emphasis on U.S. high yield ("junk
bonds") and emerging market debt securities. These securities are subject to
high risks and are predominantly speculative. See "Risk Factors and Special
Considerations" beginning on page 17 of this prospectus for a more comprehensive
discussion of risks you may incur when making an investment in the Global Income
Fund. There can be no assurance that the Global Income Fund will achieve its
investment objective.
--------------
NEITHER THE SECURITIES AND EXCHANGE COMMISSION NOR ANY STATE SECURITIES
COMMISSION HAS APPROVED OR DISAPPROVED THESE SECURITIES OR DETERMINED
IF THIS PROSPECTUS IS TRUTHFUL OR COMPLETE. ANY REPRESENTATION
TO THE CONTRARY IS A CRIMINAL OFFENSE.

<TABLE>
<CAPTION>
ESTIMATED ESTIMATED
SUBSCRIPTION ESTIMATED PROCEEDS TO
PRICE (1) SALES LOAD (2) THE FUND (3)(4)
<S> <C> <C> <C>
Per Share...................................... $8.47 $0.32 $8.15
Total Maximum (5).............................. $23,868,858 $901,775 $22,967,083
</TABLE>

(FOOTNOTES ON THE FOLLOWING PAGE)
This prospectus sets forth concisely the information about the Global Income
Fund that a prospective investor should know before investing and should be
retained for future reference. A statement of additional information dated
September 24, 1999 containing additional information about the Global Income
Fund has been filed with the Commission and legally forms a part of this
prospectus. The table of contents of the statement of additional information
appears on page 37 of this prospectus. You may obtain a copy of the statement of
additional information without charge by contacting Georgeson Shareholder
Communications, Inc., the Global Income Fund's information agent for the offer.
If you have questions or need further information about the offer, please
call the information agent collect at (212) 440-9800 (for banks and brokers) and
toll free at (800) 223-2064 (for all others).
SALOMON SMITH BARNEY

The date of this prospectus is September 24, 1999
<PAGE>
(FOOTNOTES FROM THE PREVIOUS PAGE)

(1) Estimated on the basis of 95% of the average of the last reported sales
price of a share on the NYSE on September 17, 1999 and on the previous four
business days. Actual amounts may vary due to rounding.

(2) In connection with the offer, the Global Income Fund will pay Salomon Smith
Barney Inc., the dealer manager for the offer, a fee for its financial
advisory services and marketing assistance equal to 1.25% of the
subscription price per share. The Global Income Fund will also pay
broker-dealers, including Salomon Smith Barney Inc., fees for their
soliciting efforts equal to 2.50% of the subscription price per share. The
Global Income Fund has agreed to indemnify Salomon Smith Barney Inc. against
certain liabilities, including liabilities under the Securities Act.

(3) Before deduction of offering expenses incurred by the Global Income Fund,
estimated at $441,000, including an aggregate of up to $100,000 to be paid
to Salomon Smith Barney Inc. as partial reimbursement for its expenses.

(4) Funds received by check prior to the final due date of this offer will be
deposited into a segregated interest-bearing account pending allocation and
distribution of shares. Interest on subscription moneys will be paid to the
Global Income Fund regardless of whether shares are issued by the Global
Income Fund.

(5) Assumes all rights are exercised at the estimated subscription price. The
Global Income Fund may increase the number of shares subject to subscription
by up to 25% of the shares offered. If the Global Income Fund increases the
number of shares subject to subscription by 25%, the aggregate maximum
estimated subscription price, estimated sales load and estimated proceeds
will be $29,836,075, $1,127,219 and $28,708,856, respectively.
--------------

2
<PAGE>
PROSPECTUS SUMMARY

You should read the entire prospectus, including the statement of additional
information which legally forms part of this prospectus, before you decide
whether to exercise your rights.

BENEFITS OF THE OFFER

The board of directors has determined that increasing the Global Income
Fund's assets through a rights offering may provide the following benefits:

- additional investment flexibility

- increased ability to take advantage of timely opportunities in the U.S.
and global bond markets as a result of

- the strong economic growth in the U.S. and

- an improving outlook in the emerging and other foreign markets

- lower expense ratios

- improved liquidity of the trading market for shares on the NYSE

- opportunity to purchase additional shares at a price below current market
price

The Global Income Fund may choose to make additional rights offerings in the
future for a number of shares and on terms which may or may not be similar to
this offer.

IMPORTANT TERMS OF THE OFFER

<TABLE>
<S> <C>
Total number of shares available for
primary subscription:................. 2,818,047

Total number of shares available to
cover over-subscription requests:..... 704,512

Number of rights you will receive for
each outstanding share you own on the
record date:.......................... One right for every one share

Number of shares you may purchase with
your rights at the subscription price
per share:............................ One share for every three rights

Subscription price:..................... 95% of the lower of (1) the average of
the last reported sales price per share
on the NYSE on the expiration date and
on the preceding four business days and
(2) the net asset value per share on the
expiration date
</TABLE>

HOW TO EXERCISE RIGHTS

To exercise your rights, please follow the following instructions:

- If you do not own your shares through a broker, bank or other nominee, you
should have received a subscription certificate. The subscription
certificate elicits the necessary information to enable you to exercise
your rights. Please complete and sign the subscription certificate. Mail
it in the envelope provided or deliver the completed and signed
subscription certificate with payment in full to BankBoston, N.A., the
subscription agent for the offer, at the address indicated on the
subscription certificate. Your completed and signed subscription
certificate and payment must be received by the

3
<PAGE>
expiration date, which is October 22, 1999 (unless extended). You should
calculate the total payment on the basis of an estimated subscription
price of $8.47 per share. If you do not own your shares through a broker,
bank or other nominee and have not received a subscription certificate,
please contact Georgeson Shareholder Communications, the information agent
for the offer, collect at (212) 440-9800 (for banks and brokers) and toll
free at (800) 223-2064 (for all others).

- If you own your shares through a broker or other nominee, please contact
your broker, banker or trust company. It can arrange to exercise rights on
your behalf and to guarantee payment and delivery of a properly completed
and executed subscription certificate pursuant to a notice of guaranteed
delivery by the close of business on the expiration date. A fee may be
charged for this service. The notice of guaranteed delivery must be
received on or before the expiration date, which is October 22, 1999
(unless extended).

IMPORTANT DATES TO REMEMBER

Please note that the dates in the table below may change if the offer is
extended.

<TABLE>
<CAPTION>
EVENT DATE
- ---------------------------------------------------------------- ------------------------------------------------
<S> <C>
Record date..................................................... September 27, 1999
Subscription period............................................. September 27, 1999 to October 22, 1999
Payment for shares or notice of guaranteed delivery due......... October 22, 1999
Expiration and pricing date..................................... October 22, 1999
Payment for guarantees of delivery due.......................... October 27, 1999
Confirmation to participants.................................... November 3, 1999
Final payment for shares........................................ November 17, 1999
</TABLE>

OVER-SUBSCRIPTION PRIVILEGE

If you exercise all your rights, you may subscribe for shares which were not
subscribed for by other shareholders. If sufficient shares are not available to
honor all requests for over-subscriptions, the Global Income Fund may increase
the number of shares available for subscription by up to 25%, or 704,512 shares,
in order to satisfy these over-subscription requests. Available shares will be
allocated ratably among those who over-subscribe based on the number of rights
originally issued to them.

RIGHTS MAY NOT BE PURCHASED OR SOLD

You may not purchase or sell the rights and they will not trade on any
exchange. If you do not exercise your rights before the conclusion of the rights
offer, your rights will expire without value.

RESTRICTIONS ON FOREIGN SHAREHOLDERS

The Global Income Fund will not mail subscription certificates to
shareholders whose record addresses are outside the United States. BankBoston
will hold the rights to which subscription certificates relate for foreign
shareholder accounts until instructions are received to exercise the rights. If
no instructions are received prior to the expiration date, these rights will
expire.

FURTHER INFORMATION

If you have any questions or inquiries relating to the offer, please contact
the information agent at:

[GEORGESON SHAREHOLDER COMMUNICATIONS, INC. LOGO]

Wall Street Plaza
New York, New York 10005
Banks and Brokers Call Collect: (212) 440-9800
All Others Call Toll Free: (800) 223-2064

4
<PAGE>
OFFERING FEES AND EXPENSES

Salomon Smith Barney Inc. will act as the dealer manager for the offer. The
Global Income Fund will pay Salomon Smith Barney Inc. a fee for its financial
advisory services and marketing assistance equal to 1.25% of the subscription
price per share. The Global Income Fund will also pay broker-dealers, including
Salomon Smith Barney Inc., fees for their soliciting efforts equal to 2.50% of
the subscription price per share. Other offering expenses incurred by the Global
Income Fund are estimated at $441,000, which includes up to $100,000 that may be
paid to Salomon Smith Barney Inc. as partial reimbursement for its expenses
relating to the offer.

USE OF PROCEEDS

We estimate the net proceeds of the offer to be approximately $22,526,083.
If the Global Income Fund increases the number of shares subject to subscription
by up to 25% in order to satisfy over-subscription requests, the additional net
proceeds will be approximately $5,741,773.

CSAM anticipates that it will take up to one month for the Global Income
Fund to invest these proceeds in accordance with its investment objective and
policies under current market conditions.

INFORMATION REGARDING THE GLOBAL INCOME FUND

The Global Income Fund has been engaged in business as a closed-end,
diversified management investment company since April 22, 1988. Its investment
objective is high current income consistent with the preservation of capital.
The Global Income Fund invests in higher yielding U.S. and foreign fixed-income
securities, with an emphasis on U.S. high yield (junk bonds) and emerging market
debt securities.

There can be no assurance that the Global Income Fund will achieve its
investment objective. The shares are listed and traded on the New York Stock
Exchange under the symbol "CGF." As of August 31, 1999, the net assets were
approximately $77 million.

INVESTMENT ADVISER AND ADMINISTRATOR

Credit Suisse Asset Management (formerly known as BEA Associates) is the
investment adviser. CSAM is the institutional asset management and mutual fund
arm of Credit Suisse Group.

Brown Brothers Harriman & Co. is the administrator and custodian.

ADVISORY FEES

The Global Income Fund pays CSAM aggregate annual fees for investment advice
equal to 0.50% of its average weekly net assets.

Since CSAM receives fees based on net assets, it will benefit from the
increase in assets that will result from the offer. As a result, one director
who is an "interested person" of the Global Income Fund because of his position
as a director and officer of CSAM could benefit indirectly from the offer
because of this affiliation.

RISK FACTORS AND SPECIAL CONSIDERATIONS

YOU WILL INCUR IMMEDIATE DILUTION IN THIS OFFER. If you do not exercise all
your rights, after the offer you will own a smaller proportional interest in the
Global Income Fund. In addition, whether or not you exercise your rights, the
net asset value per share of your shares will be reduced as a result of the
offer because:

- the shares offered will be sold at less than their then current net asset
value

- you will indirectly bear the expenses of the offer

5
<PAGE>
- the number of shares outstanding after the offer will have increased
proportionately more than the increase in the size of the net assets

You will incur a greater dilution in net asset value per share if you do not
exercise your rights than if you do.

CHANGES IN INTEREST RATES MAY REDUCE YOUR RETURN ON INVESTMENT. Since the
market price of fixed-income securities generally decreases when interest rates
rise, the net asset value and market price of your shares may decline if
interest rates rise. This risk may or may not be offset by additional income
from new or existing securities carrying higher interest rates. Conversely, if
rates decline, you may over time receive less current income from your
investment, although the net asset value and market price of your shares may
immediately increase.

MARKET FLUCTUATIONS MAY AFFECT THE VALUE OF YOUR INVESTMENT. The market
value of fixed-income securities may move up and down, sometimes rapidly and
unpredictably. These fluctuations, which are often referred to as "volatility,"
may cause a security to be worth less than it was worth at an earlier time.
Volatility will affect the net asset value and market price of your shares and
may over time reduce your return on investment.

YOUR INVESTMENT IS EXPOSED TO THE CREDIT RISK INHERENT IN FIXED-INCOME
SECURITIES. The issuer of a debt security may fail to make timely payments of
either principal or interest. When holding shares, you indirectly bear this
credit risk.

HIGH YIELD SECURITIES PRESENT INCREASED AND SPECIAL RISKS. These risks
include:

- greater volatility

- greater credit risk

- potential lack of attractive resale opportunities (illiquidity)

As of June 30, 1999, high yield fixed-income securities represented 72.4% of
net assets. Because of this focus on high yield securities, your investment is
directly exposed to all these risks.

INVESTING OUTSIDE THE U.S. PRESENTS SPECIAL RISKS. The risks which the
Global Income Fund faces when it invests in foreign debt securities include:

- fluctuations in exchange rates between the U.S. dollar and foreign
currencies

- unavailable or deficient key information about an issuer, security or
market

- expropriations, capital or currency controls, punitive taxes or
nationalizations

- economic policy changes, social and political instability, military action
and war

THE RISKS OF INVESTING OUTSIDE THE U.S. ARE COMPOUNDED FOR INVESTMENTS IN
EMERGING MARKETS. Because it also invests in emerging markets, the Global
Income Fund incurs greater risks than a fund investing in developed countries
since investing in emerging markets involves special risks not encountered in
developed countries, including:

- potentially more limited access to investments or less advantageous terms
for foreign investors

- less-developed securities markets

- economic, political and social problems

- deficiencies in regulatory oversight, market infrastructure, shareholder
protections and company laws

THE GLOBAL INCOME FUND'S SHARES HAVE TRADED AND MAY CONTINUE TO TRADE AT A
DISCOUNT TO NET ASSET VALUE. Shares of closed-end investment companies
frequently trade at a discount to net asset value. Since the commencement of
operations, the shares have generally traded in the market at a discount to net
asset value.

6
<PAGE>
THE FAILURE OF COMPUTER SYSTEMS TO BE YEAR 2000 (Y2K) COMPLIANT COULD HURT
THE GLOBAL INCOME FUND. Like any other financial business, the Global Income
Fund could be adversely affected if computer systems on which it relies, which
include primarily those used by CSAM and Brown Brothers Harriman & Co. and their
affiliates and suppliers, are unable to correctly process date-related
information on and after January 1, 2000. Since a portion of its investments are
held by subcustodians in foreign or emerging countries, the Global Income Fund
will be exposed to a greater risk of Y2K deficiencies than other investment
companies that do not engage in international investing. There is also a
separate and different risk that Y2K deficiencies may have an adverse effect on
the companies whose securities are held by the Global Income Fund or on global
markets or economies generally.

OTHER RISKS MAY ARISE FROM CERTAIN INVESTMENT TECHNIQUES WHICH THE GLOBAL
INCOME FUND MAY USE. These techniques include repurchase agreements, lending of
portfolio securities, short sales, options on U.S. government securities,
interest rate futures and related options, direct placement securities,
restricted and illiquid securities and foreign exchange currency transactions.
For a description of these techniques and the risks associated with them, please
see "Other Investment Techniques" in this prospectus beginning on page 24.

7
<PAGE>
FEE TABLE

The following table sets forth certain fees and expenses of the Global
Income Fund.

<TABLE>
<S> <C>
SHAREHOLDER TRANSACTION EXPENSES
Sales load (as a percentage of the subscription price per share)(1)............. 3.75%
Dividend Reinvestment and Cash Purchase Plan Fees(2)
Dividend Reinvestment......................................................... None
Cash purchase
Initial cash deposit........................................................ $ 10.00
Additional cash deposits
check..................................................................... $ 5.00
automatic bank withdrawal................................................. $ 2.00
ANNUAL EXPENSES (as a percentage of net assets)
Management fees................................................................. 0.50%
Other expenses(3)............................................................... 0.43%
TOTAL ANNUAL EXPENSES(4)............................................................ 0.93%
</TABLE>

<TABLE>
<CAPTION>
1 3 5 10
EXAMPLE YEAR YEARS YEARS YEARS
- -------------------------------------------------- ----- ----- ------ ------
<S> <C> <C> <C> <C>
You would pay the following expenses on a
$1,000 investment assuming a 5% annual return
(3)........................................... $47 $67 $88 $148
</TABLE>

- ---------

(1) The Global Income Fund will pay Salomon Smith Barney Inc. a fee for
financial advisory services and marketing assistance equal to 1.25% of the
subscription price per share. The Global Income Fund will also pay
broker-dealers, including Salomon Smith Barney Inc., fees for their
soliciting efforts equal to 2.50% of the subscription price per share. Since
these fees will be paid by the Global Income Fund, you will indirectly bear
this fee as a shareholder of the Global Income Fund, even if you do not
exercise your rights.

(2) A $15.00 fee is also charged on each sale of shares processed through the
InvestLink(SM) Program. All fees are paid to BankBoston, the administrator
of the Program. In addition, participants pay brokerage commissions and
processing fees on the purchase and sale of shares through the Program.
Actual costs will vary for each participant depending on the nature and
number of transactions made. For a more detailed description of the
InvestLink(SM) Program and the charges payable by participants, see
"Dividends and Distributions: InvestLink(SM) Program."

(3) Based upon estimated amounts for the current fiscal year and on the net
assets of the Global Income Fund after giving effect to the anticipated net
proceeds of the offer, including proceeds from the issuance of up to 25% of
the shares under the over-subscription privilege. This figure does not
include expenses of the Global Income Fund incurred in connection with the
offer, estimated at $441,000. Total expenses for the six month period ended
June 30, 1999 were 1.07% of average net assets.

(4) The example reflects the sales load and other expenses of the Global Income
Fund incurred in connection with the offer and assumes that all of the
rights are exercised and that all dividends and distributions are
reinvested.

WE HAVE PREPARED THE FOREGOING TABLE AND EXAMPLE TO ASSIST YOU IN
UNDERSTANDING THE VARIOUS COSTS AND EXPENSES THAT YOU BEAR, DIRECTLY OR
INDIRECTLY, BUT YOU SHOULD NOT CONSIDER IT AS A REPRESENTATION OF PAST OR FUTURE
EXPENSES OR RATE OF RETURN. THE ACTUAL EXPENSES OF THE GLOBAL INCOME FUND MAY BE
GREATER OR LESS THAN THOSE SHOWN. For more complete descriptions of certain of
the Global Income Fund's costs and expenses, see "Management" in this prospectus
and in the statement of additional information.

8
<PAGE>
FINANCIAL HIGHLIGHTS

The following table describes selected financial data for a share of common
stock outstanding throughout each period presented. The per share operating
performance and ratios for each of the periods, other than the six-month period
ended June 30, 1999, have been derived from financial statements audited by
PricewaterhouseCoopers LLP, the Global Income Fund's independent accountants, as
stated in their report, which legally forms a part of the statement of
additional information. The following information should be read in conjunction
with the financial statements and notes, which legally forms a part of the
prospectus and which is available upon request.

PER SHARE OPERATING PERFORMANCE
FOR A FUND SHARE OUTSTANDING THROUGHOUT EACH PERIOD
<TABLE>
<CAPTION>
SIX MONTHS
ENDED YEAR ENDED YEAR ENDED YEAR ENDED YEAR ENDED
06/30/99(1) 12/31/98 12/31/97 12/31/96 12/31/95(2)
----------- ----------- ----------- ----------- -----------
<S> <C> <C> <C> <C> <C>
Net Asset Value, Beginning of Period...................... $ 9.29 $ 10.79 $ 10.37 $ 10.01 $ 9.26
Offering Costs.......................................... -- -- -- -- --
Net Investment Income................................... 0.43 0.94 0.89 0.91 0.95
Net Realized and Unrealized Gain (Loss) on
Investments........................................... 0.06 (1.49) 0.41 0.26 0.61
----------- ----------- ----------- ----------- -----------
Total from Investment Activities.......................... 0.49 (0.55) 1.30 1.17 1.56
Less Distributions:
From Net Investment Income.............................. (0.49) (0.95) (0.88) (0.81) (0.76)
In Excess of Net Investment Income...................... -- -- -- -- --
From Return of Capital.................................. -- -- -- -- (0.05)
----------- ----------- ----------- ----------- -----------
Total Distributions....................................... (0.49) (0.95) (0.88) (0.81) (0.81)
----------- ----------- ----------- ----------- -----------
----------- ----------- ----------- ----------- -----------
Net Asset Value, End of Period............................ $ 9.29 $ 9.29 $ 10.79 $ 10.37 $ 10.01
----------- ----------- ----------- ----------- -----------
----------- ----------- ----------- ----------- -----------
Per Share Market Value, End of Period..................... $ 8.88 $ 8.63 $ 10.06 $ 9.00 $ 8.88
----------- ----------- ----------- ----------- -----------
----------- ----------- ----------- ----------- -----------
Total Investment Return
Net Asset Value(3)...................................... 5.82%(5) (5.13)% 13.82% 13.27% 17.57%
Market Value............................................ 8.92%(5) (5.56)% 22.34% 11.03% 18.16%

YEAR ENDED YEAR ENDED YEAR ENDED YEAR ENDED YEAR ENDED
12/31/94 12/31/93 12/31/92 12/31/91 12/31/90
----------- ----------- ----------- ----------- -----------
<S> <C>
Net Asset Value, Beginning of Period...................... $ 10.45 $ 9.80 $ 9.62 $ 8.70 $ 10.06
Offering Costs.......................................... -- -- -- -- --
Net Investment Income................................... 0.95 1.04 1.22 1.16 1.17
Net Realized and Unrealized Gain (Loss) on
Investments........................................... (1.33) 0.66 0.01 0.96 (1.33)
----------- ----------- ----------- ----------- -----------
Total from Investment Activities.......................... (0.38) 1.70 1.23 2.12 (0.16)
Less Distributions:
From Net Investment Income.............................. (0.62) (1.04) (1.05) (1.20) (1.20)
In Excess of Net Investment Income...................... -- (0.01) -- -- --
From Return of Capital.................................. (0.19) -- -- -- --
----------- ----------- ----------- ----------- -----------
Total Distributions....................................... (0.81) (1.05) (1.05) (1.20) (1.20)
----------- ----------- ----------- ----------- -----------
----------- ----------- ----------- ----------- -----------
Net Asset Value, End of Period............................ $ 9.26 $ 10.45 $ 9.80 $ 9.62 $ 8.70
----------- ----------- ----------- ----------- -----------
----------- ----------- ----------- ----------- -----------
Per Share Market Value, End of Period..................... $ 8.25 $ 9.50 $ 9.50 $ 10.38 $ 7.88
----------- ----------- ----------- ----------- -----------
----------- ----------- ----------- ----------- -----------
Total Investment Return
Net Asset Value(3)...................................... (3.80)% 18.29% 13.28% 25.32% (1.66)%
Market Value............................................ (4.72)% 10.94% 3.50% 53.35% 0.38%

YEAR ENDED
12/31/89
-----------
Net Asset Value, Beginning of Period...................... $ 10.86
Offering Costs.......................................... --
Net Investment Income................................... 1.27
Net Realized and Unrealized Gain (Loss) on
Investments........................................... (0.76)
-----------
Total from Investment Activities.......................... 0.51
Less Distributions:
From Net Investment Income.............................. (1.00)
In Excess of Net Investment Income...................... --
From Return of Capital.................................. (0.31)
-----------
Total Distributions....................................... (1.31)
-----------
-----------
Net Asset Value, End of Period............................ $ 10.06
-----------
-----------
Per Share Market Value, End of Period..................... $ 9.25
-----------
-----------
Total Investment Return
Net Asset Value(3)...................................... 4.99%
Market Value............................................ (2.53)%
</TABLE>

RATIOS/SUPPLEMENTAL DATA
<TABLE>
<CAPTION>
SIX MONTHS
ENDED YEAR ENDED YEAR ENDED YEAR ENDED YEAR ENDED YEAR ENDED
06/30/99(1) 12/31/98 12/31/97 12/31/96 12/31/95(2) 12/31/94
------------- ---------- ---------- ---------- ----------- ----------
<S> <C> <C> <C> <C> <C> <C>
Net Assets, End of Period (Thousands).......... $78,520 $78,510 $91,194 $87,656 $84,618 $78,252
Ratio of Expenses to Average Net Assets........ 1.07%(4) 1.17% 1.10% 1.11% 1.12% 0.99%
Ratio of Net Investment Income to Average Net
Assets........................................ 9.44%(4) 9.17% 8.43% 8.99% 9.80% 9.66%
Portfolio Turnover Rate........................ 26.5%(5) 107.8% 119.1% 65.1% 54.5% 83.1%

YEAR ENDED YEAR ENDED YEAR ENDED YEAR ENDED YEAR ENDED
12/31/93 12/31/92 12/31/91 12/31/90 12/31/89
---------- ---------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C>
Net Assets, End of Period (Thousands).......... $88,319 $82,450 $80,606 $73,068 $84,488
Ratio of Expenses to Average Net Assets........ 1.06% 1.01% 1.00% 1.00% 1.07%
Ratio of Net Investment Income to Average Net
Assets........................................ 10.28% 12.34% 12.13% 12.48% 12.13%
Portfolio Turnover Rate........................ 128.5% 107.7% 48.0% 81.0% 105.5%
</TABLE>

- ------------
(1) Unaudited.

(2) CSAM replaced CS First Boston Investment Management as the fund's investment
adviser effective June 13, 1995.

(3) Total investment return based on per share net asset value reflects the
effects of change in net asset value on the performance of the Global Income
Fund during each period and assumes dividends and capital gains
distributions were reinvested. These percentages are not an indication of
the performance of a shareholder's investment in the Global Income Fund
based on market value because the market value of the stock and the net
asset value of the Global Income Fund differ.

(4) Annualized.

(5) Not Annualized.

9
<PAGE>
THE OFFER

BENEFITS OF THE OFFER

The board of directors of the Global Income Fund has determined that
increasing its assets through a rights offering is in your best interest.

In consultation with CSAM, the board determined that the rights offering may
provide the following benefits:

- additional investment flexibility

- increased ability to take advantage of timely opportunities in the U.S.
and global bond markets as a result of

- the strong economic growth in the U.S. and

- an improving outlook in the emerging and other foreign markets

- lower expense ratios

- improved liquidity of the trading market for shares on the NYSE

- opportunity to purchase additional shares at a price below current market
price

Prior to reaching this conclusion, the board, in consultation with CSAM and
Salomon Smith Barney Inc., reviewed the structure, timing and terms of the
offer, and its dilutive effect on both shareholders who exercise their rights
and those who don't. After careful consideration, the board unanimously voted to
approve the offer.

There can be no assurance that the offer will provide any of the benefits
listed above.

The Global Income Fund may choose to make additional rights offerings from
time to time for a number of shares and on terms which may or may not be similar
to the offer.

TERMS OF THE OFFER

The Global Income Fund is issuing to its shareholders rights to purchase
additional shares. You will receive one right for each share you own on the
record date, which is September 27, 1999. You need three rights to purchase one
share at the subscription price per share. The Global Income Fund will not issue
fractional shares upon the exercise of less than three rights. You may exercise
your rights to acquire shares at any time during the subscription period, which
begins on September 27, 1999 and ends at 5.00 p.m., New York City time, on
October 22, 1999, unless extended by the Global Income Fund to 5:00 p.m., New
York City time, on a date which will be no later than October 29, 1999. The
right of a shareholder of record to acquire one share for every three rights
during the subscription period at the subscription price is called the "primary
subscription."

Rights are evidenced by subscription certificates. The Global Income Fund
will send subscription certificates to all persons whose names appear on the
list of shareholders of the Global Income Fund on September 27, 1999, the record
date of the offer.

If you exercise all your rights, you may subscribe for additional shares.
Shares available for purchase pursuant to this over-subscription privilege are
subject to allotment and increase. The over-subscription privilege is more fully
described below. For purposes of determining the maximum number of shares you
may acquire pursuant to the offer, if your shares are held of record by Cede, as
nominee for The Depository Trust Company, or by any other depository or nominee,
you will be deemed to be the holder of the rights that are issued to Cede or
such other depository or nominee on your behalf.

Since the Global Income Fund will not issue fractional shares, if you
receive or have remaining fewer than three rights, you will be unable to
purchase shares upon the exercise of such rights and no cash will be paid to you
in lieu of such rights. You may, however, subscribe for shares pursuant to the
over-subscription privilege provided you have exercised all your rights. Once
you subscribe for shares and the Global Income Fund receives payment or a
guarantee of payment, you will not be able to change your decision.

10
<PAGE>
IMPORTANT DATES TO REMEMBER

Please note that the dates in the table below may change if the offer is
extended.

OVER-SUBSCRIPTION PRIVILEGE

If shares remain available for purchase after all shareholders have had a
chance to exercise their rights pursuant to the primary subscription, the Global
Income Fund will offer such shares to shareholders who have exercised all their
rights and who desire to acquire additional shares. You may subscribe for those
additional shares pursuant to the over-subscription privilege only if you
exercise all your rights pursuant to the primary subscription. If you exercise
all your rights and wish to subscribe for additional shares, please indicate on
the subscription certificate the number of additional shares desired through the
over-subscription privilege.

If sufficient shares remain from unexercised rights, all over-subscriptions
may be honored in full. If sufficient shares are not available to honor all
over-subscription requests, the Global Income Fund may issue up to an additional
704,512 shares, representing 25% of the shares available pursuant to the primary
subscription, to satisfy over-subscription requests. Whether or not the Global
Income Fund issues these additional shares, if there are not enough shares
available to honor all over-subscriptions, the available shares will be
allocated among you and all the other shareholders who subscribe for additional
shares pursuant to the over-subscription privilege in proportion to the number
of rights issued to you and such shareholders. The allocation process may
involve a series of allocations in order to assure that the total number of
shares available for over-subscriptions is distributed on a pro rata basis.

The Global Income Fund will not sell any shares that are not subscribed for
under the primary subscription or the over-subscription privilege.

SUBSCRIPTION PRICE

You may purchase one share for every three rights at the subscription price.
The subscription price is 95% of the lower of:

(1) the average of the last reported sales price of a share on the NYSE
on the expiration date of the offer (October 22, 1999, unless extended) and
on the four preceding business days; and

(2) the net asset value per share as of the close of business on the
expiration date of the offer (October 22, 1999, unless extended).

For example, if the average of the last reported sales price on the NYSE on
October 22, 1999 and on the four preceding business days of a share of the
Global Income Fund's common stock is $8.92, and the net asset value as of the
close of business on the pricing date is $8.98, the subscription price will be
$8.47 (95% of $8.92). If, however, the average of the last reported sales price
of a share on that exchange on October 22, 1999 and on the four preceding
business days thereof is $9.00, and the net asset value as of the close of
business on October 22, 1999 is $8.98, the subscription price will be $8.53 (95%
of $8.98).

The Global Income Fund announced the offer on May 11, 1999. The last
reported net asset value per share of common stock at the close of business on
May 11, 1999 and September 21, 1999 was $9.53 and $8.98, respectively, and the
last reported sales price of a share on the NYSE on those dates was $8 1/2 and

11
<PAGE>
$8 7/8, respectively. The Global Income Fund paid a dividend of $0.0725 per
share on June 15, July 15, 1999, August 16, 1999 and September 15, 1999.

RIGHTS MAY NOT BE PURCHASED OR SOLD

The rights are non-transferable. You may not purchase or sell them. The
rights will not trade on the NYSE or any other exchange. The shares to be issued
under the rights, however, will trade on the NYSE under the symbol "CGF". If you
do not exercise your rights before the conclusion of the rights offer, your
rights will expire without value.

EXPIRATION OF THE OFFER AND RIGHTS

The offer will expire at 5:00 p.m., New York City time, on October 22, 1999
unless the Global Income Fund extends it until 5:00 p.m., New York City time, to
a date not later than October 29, 1999. Rights will expire at that time and
thereafter you will no longer be able to exercise them. Since the expiration
date for exercise of the rights and the pricing date of the shares subscribed
will be the same date, you will not know the purchase price when you decide to
acquire shares.

If the Global Income Fund decides to extend the offer, it will make an
announcement to that effect as promptly as practicable. The Global Income Fund
may elect to extend the offer, for example, if it determines that shareholders
require extra time to exercise their rights in a timely fashion. The Global
Income Fund will not, unless otherwise required by law, have any obligation to
publish, advertise or otherwise communicate any such announcement other than by
making a release to the Dow Jones News Service or such other means of
announcement as the Global Income Fund deems appropriate.

SUBSCRIPTION AGENT

The subscription agent, BankBoston, will receive for its administrative,
processing, invoicing and other services as subscription agent, a fee estimated
to be approximately $11,000 plus reimbursement for its out-of-pocket expenses
related to the offer. The subscription agent is also the Global Income Fund's
transfer agent, dividend-paying agent and registrar with respect to the common
stock. If you have any questions regarding subscription certificates, please
contact Georgeson Shareholder Communications, the information agent for the
offer, at (800) 223-2064. You must send completed subscription certificates
together with payment of the estimated subscription price to BankBoston by one
of the methods described below.

<TABLE>
<S> <C> <C>
(1) By Overnight, Certified or Express
By First Class Mail: Mail:
EquiServe EquiServe
Corporate Reorganization Corporate Reorganization
P.O. Box 9573 40 Campanelli Drive
Boston, MA 02205-9573 Braintree, MA 02184

By Hand:
Securities Transfer & Reporting Services, Inc.
c/o EquiServe
100 William Street
Galleria
New York, NY 10038

By Facsimile (Telecopy):
For Notice Of Guaranteed Delivery Only
(781) 575-4826 with the original Subscription Certificate to be sent
(2) by method (1) above. Confirm facsimile by telephone at (781)
575-4816.
</TABLE>

The Global Income Fund will accept only subscription certificates actually
received on a timely basis. DELIVERY TO AN ADDRESS OTHER THAN THOSE SET FORTH
ABOVE DOES NOT CONSTITUTE GOOD DELIVERY.

12
<PAGE>
HOW TO EXERCISE RIGHTS

Rights will be evidenced by subscription certificates. Except as described
below under "Restrictions on Foreign Shareholders," the Global Income Fund will
mail subscription certificates directly to you if your shares are registered in
your name or, if you own your shares through a broker, depository or nominee, to
Cede or such other depository or nominee. You may exercise your rights by
either:

- completing and signing a subscription certificate and mailing it in the
envelope provided, together with payment for the shares to the
subscription agent

- contacting your broker, banker or trust company, which can guarantee
payment and delivery of a properly completed and executed subscription
certificate before October 22, 1999. A fee may be charged for this
service.

Fractional shares will not be issued. Therefore, if you receive, or have
remaining, fewer than three rights, you will not be able to purchase any shares
upon the exercise of rights. You will not be entitled to cash for less than
three rights. You may, however, subscribe for additional shares pursuant to the
over-subscription privilege provided you have exercised all your rights pursuant
to the primary subscription.

The subscription agent must have received at its office indicated above
completed subscription certificates or notices of guaranteed delivery prior to
5:00 p.m., New York City time, on October 22, 1999.

IF YOU DO NOT OWN YOUR SHARES THROUGH A BROKER OR OTHER NOMINEE. As a
record holder, you can choose between two options set forth under "Payment for
Shares" below. If time is of the essence, option (2) will permit delivery of the
completed subscription certificate and payment after October 22, 1999.

IF YOU OWN YOUR SHARES THROUGH A BROKER OR OTHER NOMINEE. You must contact
that broker or nominee to exercise your rights. In that case, the nominee will
complete the subscription certificate on your behalf and arrange for proper
payment by one of the methods set forth under "Payment for Shares".

IF YOU ARE A NOMINEE. If you hold shares for the account of others, you
should notify the beneficial owners of such shares as soon as possible to obtain
instructions. If the beneficial owner so instructs, you should complete the
subscription certificate and submit it to the subscription agent with proper
payment.

RESTRICTIONS ON FOREIGN SHAREHOLDERS

The Global Income Fund will not mail subscription certificates to
shareholders whose record addresses are outside the United States. For these
purposes, the United States includes its territories and possessions and the
District of Columbia. The rights to which those subscription certificates relate
will be held by BankBoston for foreign shareholders' accounts until instructions
are received to exercise the rights. If no instructions are received prior to
October 22, 1999, such rights will expire.

INFORMATION AGENT

If you have any questions or inquiries relating to the offer, please contact
the information agent at:

[GEORGESON SHAREHOLDER COMMUNICATIONS, INC. LOGO]

Wall Street Plaza
New York, New York 10005
Banks and Brokers Call Collect: (212) 440-9800
All Others Call Toll Free: (800) 223-2064

You may also contact your broker or nominee for information with respect to
the offer.

The Global Income Fund will pay the information agent for its services in
connection with the offer a fee estimated to be approximately $8,000 plus
reimbursement for its out-of-pocket expenses.

13
<PAGE>
PAYMENT FOR SHARES

You may choose between the following methods of payment to exercise your
rights:

(1) You can send the completed subscription certificate together with
payment for shares to the subscription agent. You should calculate the total
payment on the basis of an estimated subscription price of $8.47 per share. To
be accepted, your payment accompanied by a properly executed and completed
subscription certificate must be received by the subscription agent prior to
5:00 p.m., New York City time, on October 22, 1999.

If you pay using this method, please make sure that your payment:

- is made in United States dollars by money order or check drawn on a bank
located in the United States

- is made to "Credit Suisse Asset Management Strategic Global Income Fund,
Inc."

- accompanies an executed subscription certificate.

(2) Alternatively, you may contact your broker, bank or trust company and
request that it sends on your behalf a notice of guaranteed delivery by
facsimile or otherwise to the subscription agent. The subscription agent will
accept all notices of guaranteed delivery received from brokers, banks, trust
companies or NYSE members prior to 5:00 p.m., New York City time, on October 22,
1999. The notice must guarantee delivery to the subscription agent of (a)
payment of the full subscription price for the shares subscribed for pursuant to
the primary subscription and any additional shares subscribed for pursuant to
the over-subscription privilege, and (b) a properly completed and executed
subscription certificate. The subscription agent will not honor a notice of
guaranteed delivery if a properly completed and executed subscription
certificate, together with payment, is not received by the close of business on
October 27, 1999.

No later than November 3, 1999, the subscription agent will send a
confirmation to each shareholder or, if the shareholder's shares are held by
Cede or any other depository or nominee, to Cede or such depository or nominee.
This confirmation will show:

- the number of shares you acquired pursuant to the primary subscription;

- the number of shares, if any, you acquired pursuant to the
over-subscription privilege;

- the per share and total purchase price for the shares; and

- any additional amount that you must pay to the Global Income Fund or any
excess to be refunded by the Global Income Fund to you.

You will not receive any other evidence of title unless you have requested a
stock certificate at the time of exercise of the rights. You must ensure that
the subscription agent receives any additional payment required from you before
November 17, 1999. The subscription agent will mail any excess payment owed to
you within a reasonable time after the expiration date. The Global Income Fund
will not pay interest on any excess payment. All your payments to the Global
Income Fund must be in U.S. Dollars by money order or check drawn on a bank
located in the United States of America and payable to Credit Suisse Asset
Management Strategic Global Income Fund, Inc.

The subscription agent will deposit all checks received by it prior to the
final due date into a segregated interest-bearing account pending distribution
of the shares. Interest will accrue to the benefit of the Global Income Fund
regardless of whether shares are issued or not by the Global Income Fund.

Issuance and delivery of evidence of title for the shares purchased are
subject to collection of checks and actual payment pursuant to any notice of
guaranteed delivery.

14
<PAGE>
YOU WILL HAVE NO RIGHT TO RESCIND YOUR SUBSCRIPTION AFTER RECEIPT OF YOUR
PAYMENT FOR SHARES BY THE SUBSCRIPTION AGENT.

If you subscribe for shares and do not pay any additional amounts due, the
Global Income Fund may:

(1) sell these shares to other shareholders;

(2) sell you only the number of shares your payment covers; and/or

(3) exercise any and all other rights or remedies to which it may be
entitled to collect the additional amount due, including enforcing any
guaranty of payment.

You may choose the method of delivery of subscription certificates and
payment of the subscription price from those indicated above. Whichever method
you choose, you will make delivery and payment at your own risk. If you use
mail, subscription certificates and payment should be sent by registered mail
and properly insured, with return receipt requested. Please allow a sufficient
number of days to ensure delivery to the Global Income Fund and clearance of
payment prior to 5:00 p.m., New York City time, on the last applicable payment
date. Because uncertified personal checks may take at least five business days
to clear, you are strongly urged to pay, or arrange for payment, by means of
certified or cashier's check or money order.

The Global Income Fund will determine all questions concerning the
timeliness, validity, form and eligibility of any exercise of rights. The Global
Income Fund's determinations will be final and binding. The Global Income Fund
may waive any defect or irregularity, or permit a defect or irregularity to be
corrected within such time as it may determine. The Global Income Fund may also
reject the purported exercise of any right. Subscriptions will not be deemed to
have been received or accepted until all irregularities have been waived or
cured within such time as the Global Income Fund determines. The Global Income
Fund will not be under any duty to give notification of any defect or
irregularity related to the submission of subscription certificates. The Global
Income Fund will not incur any liability for failure to give any such
notification.

DELIVERY OF STOCK CERTIFICATES

The Global Income Fund will issue certificates for shares acquired through
subscription only upon request made at the time of exercise of the rights. If a
request is made, stock certificates will be mailed promptly after November 3,
1999 and after payment for the shares subscribed for has cleared. If you are a
participant in the Global Income Fund's dividend reinvestment and cash purchase
plan, your shares will be credited to your account in the plan. The Global
Income Fund will not issue certificates for subscription shares credited to plan
accounts. If your shares are held of record by Cede or by any other depository
or nominee on your behalf or your broker-dealer's behalf, the shares that you
acquire will be credited to the account of Cede or such other depository or
nominee.

OFFERING FEES AND EXPENSES

Salomon Smith Barney Inc. will act as the dealer manager for the offer
pursuant to a dealer manager agreement with the Global Income Fund. Salomon
Smith Barney Inc. will provide financial advisory services and marketing
assistance in connection with the offer. Together with its associated
broker-dealers, Salomon Smith Barney Inc. will also solicit the exercise of
rights and participation in the over-subscription privilege. The Global Income
Fund will pay Salomon Smith Barney Inc. a fee for its financial advisory
services and marketing assistance equal to 1.25% of the subscription price for
each share issued. The Global Income Fund will also pay broker-dealers,
including Salomon Smith Barney Inc., fees for their soliciting efforts equal to
2.50% of the subscription price for each share issued.

The Global Income Fund and CSAM have agreed to indemnify Salomon Smith
Barney Inc. or contribute to losses arising out of certain liabilities,
including liabilities under the Securities Act. Salomon Smith Barney Inc. will
not be liable to the Global Income Fund in rendering the services described
above

15
<PAGE>
except for any act of bad faith, willful misconduct or gross negligence on its
part or reckless disregard of its obligations and duties.

Other offering expenses incurred by the Global Income Fund are estimated at
$441,000 which includes up to $100,000 that may be paid to Salomon Smith Barney
Inc. as partial reimbursement for its expenses related to the offer.

FEDERAL INCOME TAX CONSEQUENCES

For United States federal income tax purposes, neither the receipt nor the
exercise of the rights will result in taxable income to you. Moreover, you will
not realize a loss if you do not exercise the rights. The holding period for a
share acquired upon exercise of a right begins with the date of exercise. The
basis for determining gain or loss upon the sale of a share acquired upon the
exercise of a right will be equal to the sum of:

- the subscription price per share,

- any servicing fee charged to you by your broker, bank or trust company,
and

- the basis, if any, in the rights that you exercised.

A gain or loss recognized upon a sale of a share acquired upon the exercise
of a right will be a capital gain or loss assuming the share is held as a
capital asset at the time of sale. This gain or loss will be a long-term capital
gain or loss if the share has been held at the time of sale for more than one
year.

As noted above, your basis in shares issued under the offer includes your
basis in the rights underlying those shares. The basis of the rights will be
zero unless you elect to allocate your basis of previously owned shares to the
rights issued in the offer. This allocation is based upon the relative fair
market value of such shares and the rights as of the date of distribution of the
rights. Thus, if you make such an election, the basis in the shares you
originally owned will be reduced by an amount equal to the basis you allocated
to the rights. This election must be made in a statement attached to your
federal income tax return for the year in which the offer occurs.

If you do not exercise the rights, however, you will not be able to
recognize a loss or to allocate a portion of your basis in the shares to the
unexercised rights.

The foregoing is a general summary of the material United States federal
income tax consequences of the receipt and exercise of rights. The discussion is
based upon applicable provisions of the U.S. Internal Revenue Code of 1986, U.S.
Treasury regulations and other authorities currently in effect, and does not
cover state, local or foreign taxes. The Code and regulations are subject to
change by legislative or administrative action. You should consult your tax
advisors regarding specific questions as to federal, state, local or foreign
taxes. You should also review the discussion of certain tax considerations
affecting yourself and the Global Income Fund set forth under "Taxation."

TAX-ADVANTAGED ACCOUNTS

The rules and regulations governing benefit plans are complex and include
penalties for noncompliance. If you hold your shares through an employee benefit
plan that is subject to the Employee Retirement Income Security Act of 1974,
including corporate savings and 401(k) plans, Keogh Plans of self-employed
individuals and Individual Retirement Accounts, please consult counsel and tax
advisors for such plan regarding the consequences under ERISA and the Code of an
exercise of the rights.

INVESTMENT ADVISORY FEES

CSAM will benefit from the offer because the investment advisory fee is
based on the net assets of the Global Income Fund. Assuming all rights are
exercised at the estimated subscription price, including up to an additional 25%
of the shares which may be issued to satisfy over-subscriptions, the annual
compensation to be received by CSAM would be increased by approximately
$143,544. Actual compensation paid may vary depending on the number of shares
purchased and investment return. One of the Global Income

16
<PAGE>
Fund's directors who voted to authorize the offer is an "interested person" of
the Global Income Fund within the meaning of the 1940 Act because of his
position as a director and an officer of CSAM. This director could benefit
indirectly from the offer because of his affiliation. The other three directors
are not "interested persons" of the Global Income Fund.

DIVIDENDS

The Global Income Fund does not expect to pay dividends or other
distributions with respect to the shares acquired pursuant to rights until
November 1999.

USE OF PROCEEDS

Assuming the Global Income Fund sells all shares offered pursuant to the
primary subscription at the estimated subscription price, the net proceeds of
the offer are estimated to be $22,526,083, after payment of the dealer manager's
fees, the soliciting fees and the estimated offering expenses. The Global Income
Fund will pay these expenses, which will reduce the net asset value per share.
If the Global Income Fund increases the number of shares subject to the offer by
25%, or 704,512 shares, in order to satisfy over-subscription requests, the
additional net proceeds will be approximately $5,741,773. CSAM expects that,
under current market conditions, the Global Income Fund will invest
substantially all of the net proceeds of the offer in accordance with its
investment objective and policies approximately within one month from the date
of receipt. Pending such investment, the proceeds will be invested in certain
short-term debt instruments.

THE FUND

The Global Income Fund, incorporated in Maryland on January 27, 1988, is a
diversified, closed-end management investment company registered under the 1940
Act. Its shares are traded on the NYSE under the symbol "CGF."

The Global Income Fund commenced operations on April 22, 1988 after an
initial public offering of 8,337,500 shares of common stock. The net proceeds
were approximately $93,046,500.

The Global Income Fund's investment objective is high current income
consistent with the preservation of capital. The Global Income Fund seeks to
achieve this investment objective by investing in higher-yielding U.S. and
foreign fixed-income securities, with an emphasis on U.S. high yield (junk
bonds) and emerging market debt securities. The Global Income Fund may invest up
to 35% of its net assets in the securities of issuers located in the emerging
markets. Investments in fixed-income securities are not subject to any rating
quality limitation. Accordingly, the Global Income Fund may invest a substantial
portion of its assets in securities rated below investment grade by a nationally
recognized rating service or unrated but in CSAM's opinion of comparable
quality. The Global Income Fund may, for cash management or temporary defensive
purposes, hold short-term investments, including cash and cash equivalents.

RISK FACTORS AND SPECIAL CONSIDERATIONS

Please consider carefully the matters set forth below. You should read the
entire prospectus and the statement of additional information before you decide
whether to exercise your rights.

YOU WILL INCUR IMMEDIATE DILUTION IN THIS OFFER.

If you do not exercise all your rights, when the offer is over you will own
a smaller proportional interest in the Global Income Fund. In addition, whether
or not you exercise your rights, the per share net asset value of your shares
will be diluted (reduced) immediately as a result of the offer because:

- the shares offered will be sold at less than their then current net asset
value

- you will indirectly bear the expenses of the offer

- the number of shares outstanding after the offer will have increased
proportionately more than the increase in the size of the net assets.

17
<PAGE>
This dilution may be substantial and will increase if the share price
declines in relation to the net asset value as shown by the following examples:

Scenario 1: Shares trade above per share net asset value (premium)(1)

<TABLE>
<S> <C>
Share Price...................................................... $ 9.20
NAV.............................................................. $ 9.00
Subscription Price (95.0% of NAV)................................ $ 8.55
Reduction in NAV ($)(2).......................................... $ (0.26)
Reduction in NAV (%)............................................. (2.9)%
</TABLE>

Scenario 2: Shares trade below per share net asset value at the time the
offer expires (discount)(1)

<TABLE>
<S> <C>
Share Price...................................................... $ 8.70
NAV.............................................................. $ 9.00
5-day average share price(3)..................................... $ 8.70
Subscription Price (95.0% of 5-day average share price).......... $ 8.26
Reduction in NAV ($)(4).......................................... $ (0.34)
Reduction in NAV (%)............................................. (3.8)%
</TABLE>

- ---------

(1) Both examples assume full primary and over-subscription privilege exercised.
Actual amounts may vary due to rounding.

(2) Assumes $1,570,420 in estimated offering expenses (including sales load).

(3) The expiration date and the four preceding business days.

(4) Assumes $1,532,113 in estimated offering expenses (including sales load).

You will incur a greater dilution in net asset value per share if you do not
exercise your rights than if you do.

CHANGES IN INTEREST RATES MAY REDUCE YOUR RETURN ON INVESTMENT.

Since the market price of fixed-income securities generally decreases when
interest rates rise, the net asset value and market price of your shares may
decline if interest rates rise. The magnitude of the decrease will generally be
greater for securities with longer maturities and securities with higher yields,
which are those in which the Global Income Fund primarily invests. This risk may
or may not be offset by additional income from new or existing securities
carrying higher interest rates. Conversely, if rates decline, you may over time
receive less current income from your investment, although the net asset value
and market price of your shares may immediately increase. No assurance can be
given that the securities purchased by the Global Income Fund will continue to
earn yields comparable to those earned historically.

MARKET FLUCTUATIONS MAY AFFECT THE VALUE OF YOUR INVESTMENT.

The market value of fixed-income securities may move up and down, sometimes
rapidly and unpredictably. These fluctuations, which are often referred to as
"volatility," may cause a security to be worth less than it was worth at an
earlier time. Volatility may affect a single issuer, industry, sector of the
economy, or the market as a whole. Volatility affects most
investments--including bonds, and the funds that invest in them. The risk of
volatility in bond prices can vary significantly depending upon factors such as
issuer and maturity. Volatility will affect the net asset value and market price
of your shares and may reduce your return on investment.

YOUR INVESTMENT IS EXPOSED TO THE CREDIT RISK INHERENT IN FIXED-INCOME
SECURITIES.

The issuer of a debt security may fail to make timely payments of either
principal or interest. When holding shares, you indirectly bear this credit
risk. A deterioration in financial or general economic conditions usually
increases credit risk. Even with investment grade securities, differences exist
in credit quality and some investment grade securities may have speculative
characteristics. A security's price may

18
<PAGE>
be adversely affected by the market's opinion of the security's credit quality
level even if the issuer or counterparty has suffered no degradation in its
ability to honor the obligation. In addition, the Global Income Fund may
purchase securities that are in default or not current in the payment of
interest or principal. No assurance can be given that issuers whose obligations
the Global Income Fund acquires will make payments on such obligations as they
become due.

HIGH YIELD SECURITIES PRESENT INCREASED AND SPECIAL RISKS.

High yield securities generally pay a premium above the yields of U.S.
government debt securities or mature corporate issuers because they are subject
to greater risks than these securities. Hence, high yield securities usually
carry a medium-grade or below investment grade rating, which reflects their
speculative character and the following risks:

- greater volatility

- greater credit risk

- potentially greater sensitivity to general economic or industry conditions

- potential lack of attractive resale opportunities (illiquidity)

- additional expenses to seek recovery from issuers who default

The market value of lower-rated securities may be more volatile than the
market value of higher-rated securities and generally tends to reflect the
market's perception of the creditworthiness of the issuer and short-term market
developments to a greater extent than more highly rated securities, which
reflect primarily fluctuations in general levels of interest rates.

Ratings are relative and subjective and not absolute standards of quality.
Securities ratings are based largely on the issuer's historical financial
condition and the rating agencies' analysis at the time of rating. Consequently,
the rating assigned to any particular security is not necessarily a reflection
of the issuer's current financial condition.

INVESTING OUTSIDE THE U.S. PRESENTS SPECIAL RISKS.

The risks which the Global Income Fund faces when it invests in foreign debt
securities include:

- fluctuations in exchange rates between the U.S. dollar and foreign
currencies

- unavailable or deficient key information about an issuer, security or
market

- expropriations, capital or currency controls, punitive taxes or
nationalizations

- economic policy changes, social and political instability, military action
and war

Additional risks present when investing outside the U.S. include:

- changed circumstances in dealings between nations

- greater volatility and illiquidity of foreign securities

- costs incurred in connection with conversions between various currencies

- higher foreign brokerage commissions

- possible extended settlement periods

THE RISKS OF INVESTING OUTSIDE THE U.S. ARE COMPOUNDED FOR INVESTMENTS IN
EMERGING MARKETS.

There are greater risks involved in investing in emerging markets than in
developed foreign markets, including:

- potentially more limited access to investments or less advantageous terms
for foreign investors

- less-developed securities markets

19
<PAGE>
- heightened economic, political and social problems

- deficiencies in regulatory oversight, market infrastructure, shareholder
protections and company laws.

- less rigorous and/or enforced accounting, auditing and financial reporting
standards and requirements

- potential difficulties in enforcing contractual obligations.

MORTGAGE-BACKED SECURITIES MAY REDUCE CURRENT INCOME.

Depending on market conditions, mortgage-backed securities may at times
constitute a substantial portion of the Global Income Fund's portfolio.
Mortgage-backed securities are subject to the following risks:

- default on the underlying debt

- substantial decline in value when interest rates rise

- potential lack of attractive resale opportunities (illiquidity)

- loss of income due to prepayments and foreclosures

THE FUND'S SHARES HAVE TRADED AND MAY CONTINUE TO TRADE AT A DISCOUNT TO NET
ASSET VALUE.

Shares of closed-end investment companies frequently trade at a discount to
net asset value. This characteristic of shares of a closed-end fund is a risk
separate and distinct from the risk that its net asset value may decrease. Since
the commencement of operations, the shares have generally traded in the market
at a discount to net asset value. See "Common Stock." The risk of purchasing
shares of a closed-end fund that might trade at a discount is more pronounced
for investors who wish to sell their shares in a relatively short period of
time. For those investors, realization of a gain or loss on their investments is
likely to be more dependent upon the existence of a premium or discount than
upon portfolio performance.

THE FAILURE OF COMPUTER SYSTEMS TO BE Y2K COMPLIANT COULD HURT THE GLOBAL INCOME
FUND.

Like other registered investment companies and financial business
organizations worldwide, the Global Income Fund could be adversely affected if
computer systems on which it relies, which include primarily those used by CSAM
and Brown Brothers Harriman & Co. and their affiliates and suppliers, are unable
to correctly process date-related information on and after January 1, 2000.
Since a portion of its investments are held by subcustodians in foreign or
emerging countries, the Global Income Fund will be exposed to a greater risk of
Y2K deficiencies than other investment companies that do not engage in
international investing. There is also a separate and different risk that Y2K
deficiencies may have an adverse effect on the companies whose securities are
held by the Global Income Fund or on global markets or economies generally.

OTHER RISKS MAY ARISE FROM CERTAIN INVESTMENT TECHNIQUES WHICH THE GLOBAL INCOME
FUND MAY USE.

These techniques include repurchase agreements, lending of portfolio
securities, short sales, options on U.S. government securities, interest rate
futures and related options, direct placement securities, restricted and
illiquid securities and foreign exchange currency transactions. For a
description of risks associated with these techniques, please see "Other
Investment Techniques" in this prospectus beginning on page 24.

20
<PAGE>
INVESTMENT OBJECTIVE AND POLICIES

GENERAL

The investment objective of the Global Income Fund is high current income
consistent with the preservation of capital. The Global Income Fund seeks to
achieve this objective by investing in higher yielding U.S. and foreign
fixed-income securities, with an emphasis on U.S. high yield (junk bonds) and
emerging market securities. The Global Income Fund may invest up to 35% of its
net assets in the securities of issuers located in the emerging markets.

At least 65% of the Global Income Fund's total assets must be invested in
income-producing securities. CSAM expects that substantially all of the Fund's
assets will be invested in income-producing securities.

The investment objective is a fundamental policy and cannot be changed
without the approval of the holders of a majority of the outstanding voting
securities. As used herein, a "majority of the outstanding voting securities"
means the lesser of (a) 67% of the shares represented at a meeting at which more
than 50% of the outstanding shares are represented or (b) more than 50% of the
outstanding shares. No assurance can be given that the investment objective will
be achieved. For a more detailed discussion of the investment objective and
policies, see "Investment Policies" and "Investment Restrictions" in the
statement of additional information.

At June 30, 1999, the portfolio of investments was composed as follows (as a
percentage of net assets):

<TABLE>
<S> <C>
Corporate Obligations:........................................... 68.0%
Government and Agency Securities:................................ 18.6%
Collateralized Securities:....................................... 0.3%
Asset Backed Obligations:........................................ 1.5%
Common Stocks:................................................... 3.8%
Preferred Stocks:................................................ 3.9%
Warrants:........................................................ 1.0%
Time Deposits and Other Assets:.................................. 2.9%
</TABLE>

At the same date, 72.4% of the net assets were invested in high yield
fixed-income securities.

Investments in fixed-income securities are not subject to any rating quality
limitation. Accordingly, the Global Income Fund may invest a substantial portion
of its assets in securities rated below investment grade by a nationally
recognized rating service or unrated but in CSAM's opinion of comparable
quality. The table below sets forth the percentages of assets invested as of
June 30, 1999 in the various Standard & Poor's Rating Group and Moody's
Investors Service, Inc. rating categories and in unrated securities determined
by CSAM to be of comparable quality. The percentages are based on the
dollar-weighted credit ratings of all securities held as of June 30, 1999. For
information regarding the various ratings of Moody's and S&P, see the appendix
to this prospectus.

<TABLE>
<CAPTION>
UNRATED SECURITIES OF
RATED SECURITIES AS A COMPARABLE QUALITY
PERCENTAGE OF PORTFOLIO AS A PERCENTAGE OF
RATING CATEGORY VALUE PORTFOLIO VALUE TOTAL
- ------------------------------------------------------------ ----------------------- ------------------------- ---------
<S> <C> <C> <C>
AAA/Aaa..................................................... 1.2% - 1.2%
AA/Aa....................................................... - - -
A/A......................................................... 0.3% - 0.3%
BBB/Baa..................................................... 1.1% 0.8% 1.9%
BB/Ba....................................................... 13.7% 0.3% 14.0%
B/B......................................................... 56.0% 2.5% 58.5%
CCC/Caa..................................................... 9.1% 3.9% 13.0%
CC/Ca....................................................... 0.4% - 0.4%
C/C......................................................... 0.1% - 0.1%
D........................................................... 0.5% - 0.5%
Subtotal.................................................. 82.4% 7.5% 89.9%
</TABLE>

21
<PAGE>
<TABLE>
<CAPTION>
UNRATED SECURITIES OF
RATED SECURITIES AS A COMPARABLE QUALITY
PERCENTAGE OF PORTFOLIO AS A PERCENTAGE OF
RATING CATEGORY VALUE PORTFOLIO VALUE TOTAL
- ------------------------------------------------------------ ----------------------- ------------------------- ---------
<S> <C> <C> <C>
U.S. Government, Equities and Other......................... 10.1% n/a 10.1%
Total..................................................... 92.5% 7.5% 100.0%
</TABLE>

- ---------
n/a: not applicable

The percentage of the assets invested in securities of various grades may
from time to time vary substantially from those set forth above. Under current
market conditions, CSAM anticipates that it will invest a substantial portion of
the net proceeds of the offer in securities rated B or lower by S&P or Moody's
or unrated but deemed of comparable quality by CSAM. This would cause the
percentage of the portfolio invested in securities rated B or lower or unrated
but deemed of comparable quality by CSAM to increase from its current level.

As of June 30, 1999, the assets were invested in the following industries
and financial instruments:

<TABLE>
<CAPTION>
INDUSTRY % OF NET ASSETS
- -------------------------------------------------------------------------- ---------------
<S> <C>
Aerospace/Defense 0.4%
Automotive 0.9%
Broadcasting 7.5%
Business Services 0.6%
Cable 7.3%
Chemicals 1.3%
CMO's & Asset Backed Securities 1.8%
Construction & Building Materials 0.7%
Consumer Products & Services 3.0%
Electronics 1.3%
Energy 3.5%
Entertainment 3.1%
Fin'l Services 0.1%
Food & Beverages 2.5%
Health Care 0.8%
Industrial 3.5%
Metals/Mining 2.7%
Packaging/Containers 2.9%
Paper/Forest Products 1.9%
Publ. & Info. Services 3.1%
Restaurants, Hotels & Gaming 4.3%
Retail 2.4%
Rights, Warrants & Other 1.0%
Telecommunications 17.5%
Textiles/Apparel 0.3%
Transport 1.7%
Waste Management 0.4%
------
Subtotal for Long-term Domestic Investments 76.5%

Foreign Corporate Obligations 2.0%
Foreign Government Obligations 18.6%
Time Deposit 1.1%
Net Other Assets 1.8%
------
100.0%
</TABLE>

22
<PAGE>
The ten largest holdings at June 30, 1999 (as a percentage of net assets)
were:

<TABLE>
<CAPTION>
% OF NET
POSITION ASSETS
------------------------------------------------------------------------------------------------- -----------
<S> <C> <C>
1) Federal Republic of Brazil: Capitalization Bonds, 8.00%, 4/15/14 1.8%
2) Dr. Pepper Bottling Holdings, Inc.: Class A 1.7%
3) Federal Republic of Brazil: Series RG, Debentures Series E1-L, 6.125%, 4/15/06 1.6%
4) Republic of Venezuela: Unsecured Bonds, 9.25%, 9/15/27 1.6%
5) Republic of Argentina: Debentures, 6.188%, 3/31/05 1.4%
6) Green Tree Financial Corp. Manufactured Housing Installment Sales Contracts:
Series 1993-4, Class B-1, 7.20%, 1/15/19 1.1%
7) United Mexican States: 11.50%, 5/15/26 1.0%
8) Banco Nacional De Comercio: 7.25%, 2/02/04 1.0%
9) Spanish Broadcasting System, Inc.: 13.50%, Cumulative Exchangeable 144A 0.9%
10) Univision Network Holding, L.P.: Sub Notes, 7.0%, 12/17/02 0.9%
</TABLE>

CSAM may take full advantage of the entire range of maturities of
fixed-income securities and may adjust the average maturity of the investments
held in the portfolio from time to time, depending on its assessment of relative
yields of securities of different maturities and its expectations of future
changes in interest rates.

INVESTMENT POLICIES

U.S. FIXED-INCOME SECURITIES

The Global Income Fund invests primarily in higher-yielding, lower rated
U.S. corporate fixed income securities, including debt securities, convertible
securities and preferred stocks. It may also invest in securities rated single A
or higher by Moody's or by Standard & Poor's and unrated corporate fixed-income
securities. Normally substantially all of the high yield securities in which the
Global Income Fund invests are in the lower-rated categories. Lower-rated
securities generally provide yields superior to those of more highly rated
securities, but involve greater risks and are speculative in nature. The rating
services' descriptions of these rating categories, including the speculative
characteristics of the lower categories, are set forth in appendix A. As of June
30, 1999, U.S. high yield corporate fixed-income securities represented 66.0% of
the net assets of the Global Income Fund.

The Global Income Fund may also invest in debt securities issued or
guaranteed by the U.S. government, or by agencies or instrumentalities
established or sponsored by the U.S. government, including mortgage-backed
securities. Depending on market conditions, the Global Income Fund may invest a
substantial portion of its assets in mortgage-backed securities. Mortgage-backed
securities are collateralized by mortgages or interests in mortgages and may be
issued by government or non-government entities. Mortgage-backed securities
issued by government entities typically provide a monthly payment consisting of
interest and principal payments, and additional payments will be made out of
unscheduled payments of principal. Non-government issued mortgage-backed
securities may offer higher yields than those issued by government entities, but
may be subject to greater price fluctuations. To the extent that the Global
Income Fund invests in the mortgage market, CSAM will evaluate relevant
economic, environmental and security-specific variables such as housing starts,
coupon and age trends. As of June 30, 1999, mortgage-backed securities
represented 1.8% of the net assets of the Global Income Fund.

FOREIGN FIXED-INCOME SECURITIES

The Global Income Fund invests in debt obligations and other fixed income
securities denominated in non-U.S. currencies or composite currencies including:

- debt obligations issued or guaranteed by foreign national, provincial,
state, municipal or other governments with taxing authority or by their
agencies or instrumentalities

- debt obligations of supranational entities

- debt obligations of the U.S. government issued in non-dollar securities

23
<PAGE>
- dollar and non-dollar denominated debt obligations and other
fixed-income securities of foreign and U.S. corporate issuers

The Global Income Fund may invest up to 35% of its net assets in the
securities of issuers located in the emerging markets.

OTHER INVESTMENT TECHNIQUES

To enhance return as market opportunities arise, the Global Income Fund may
use the following investment techniques. Associated risks are indicated for each
technique.

- volatility

- credit

SHORT SALES. The Global Income Fund may engage in short sales (the sale of
a security that it does not own). The Global Income Fund will only engage in
short sales when it owns an equal amount of such securities or securities
convertible into or exchangeable, without payment of further consideration, for
securities of the same issue as, and equal in amount to, the securities sold
short ("short sales against the box"), and only if not more than 5% of the net
assets is held as collateral for such sales at any one time.

OPTIONS ON U.S. GOVERNMENT SECURITIES. The Global Income Fund may write
covered call options (rights to purchase a security from the Global Income Fund)
and put options (rights to sell a security to the Global Income Fund) with
respect to its U.S. government securities to hedge against price fluctuations
and to increase current income. The Global Income Fund may also purchase put
options (right to sell a security to a third party) or call options (right to
purchase a security from a third party) on U.S. government securities to protect
its portfolio against price fluctuations. These options involve the following
risks:

- volatility

- imperfect correlation between the prices of the option and the
underlying security credit

- illiquidity

- reduced ability to profit from price and interest rate fluctuations on
the securities being hedged

INTEREST RATE FUTURES AND RELATED OPTIONS. The Global Income Fund may enter
into interest rate futures contracts and options that are traded on U.S. futures
exchanges. The Global Income Fund intends to use these techniques only for bona
fide hedging purposes, i.e., for the purpose of protecting its portfolio against
yield and price fluctuations. The Global Income Fund is not required to hedge
its investments. Interest rate futures and related options may not be available
or may be too costly, and, as a result, the Global Income Fund may not be able
to use them when it decides to do so. When used, interest rate futures contracts
and related options involves the following risks:

- volatility

- imperfect correlation between prices

- reduced ability to profit from price and interest rate fluctuations on
the securities being hedged

24
<PAGE>
Securities Act and not publicly traded. They are usually considered less liquid
than publicly-traded securities and the Global Income Fund may have to accept a
lower price upon a decision to sell such a security or may not be able to sell
the security at all. Companies whose securities are not publicly traded may not
be subject to the same investor protection requirements as publicly traded
securities.

FOREIGN CURRENCY EXCHANGE TRANSACTIONS. The Global Income Fund may (but is
not required to) engage in foreign currency exchange transactions to hedge
against fluctuations in future exchange rates. Foreign currency hedging involves
the following risks:

- imperfect correlation between prices

- credit risk

- volatility in currency prices

- illiquidity

- reduced ability to profit from price and interest rate fluctuations on
the securities being hedged

The Global Income Fund will have a limited ability to hedge its portfolio
denominated in currencies of emerging markets against potential devaluations
because of the lack of suitable instruments and even if such instruments are
available may elect not to hedge its currency exposure.

DEFENSIVE STRATEGIES

There may be times when, in CSAM's judgment, conditions in the securities
markets would make pursuing the Global Income Fund's basic investment strategy
inconsistent with the best interests of its shareholders. At such times, CSAM
may employ alternative strategies to reduce fluctuations in the value of the
portfolio. In implementing these defensive strategies the Global Income Fund may
temporarily shift its portfolio emphasis to higher rated securities, hedge
currency risks, reduce or suspend its option writing activities or generally
reduce the average maturity of its holdings. Under unusual market conditions the
Global Income Fund could invest for temporary defensive purposes up to 100% of
its total assets in cash or money market instruments. Such money market
instruments include short-term obligations issued or guaranteed by the U.S.
Government or its agencies or instrumentalities, domestic, foreign and non-U.S.
dollar denominated commercial paper, domestic and foreign certificates of
deposit, domestic and foreign bankers' acceptances and other bank obligations.
The Global Income Fund may also hold a portion of its assets in cash or money
market instruments for liquidity purposes. It is impossible to predict when, or
for how long, such alternative strategies will be utilized. To the extent that
the Global Income Fund employs these temporary defensive strategies, it may not
achieve its investment objective.

PORTFOLIO TURNOVER AND SHORT-TERM TRADING

CSAM will buy and sell securities for the Global Income Fund to accomplish
its investment objective. The investment policies of the Global Income Fund may
lead to frequent changes in investments, particularly in periods of rapidly
fluctuating interest or currency exchange rates. Investments may also be traded
to take advantage of perceived short-term disparities in market values or yields
among securities of comparable quality and maturity. From time to time,
consistent with its investment objective, the Global Income Fund may also trade
securities for the purpose of seeking short-term profits to take advantage of
short-term opportunities during periods of fluctuating markets. Securities may
be sold in anticipation of a market decline or bought in anticipation of a
market rise.

25
<PAGE>
MANAGEMENT

CREDIT SUISSE ASSET MANAGEMENT

Credit Suisse Asset Management is the investment adviser pursuant to an
advisory agreement with the Global Income Fund which became effective on June
13, 1995. Prior to that date, CS First Boston Investment Management Corporation
was the investment adviser.

CSAM is a registered investment adviser under the Investment Advisers Act of
1940. CSAM is the institutional asset management and mutual Fund arm of Credit
Suisse Group. CSAM employs approximately 1,600 people worldwide and has global
assets under management of approximately $175 billion in multiple product
services, including equities, fixed income, derivatives and balanced portfolios.
The principal business address of CSAM is Uetlibergstrasse 231, CH 8045, Zurich,
Switzerland. CSAM's U.S. asset management business, formerly known as BEA
Associates, changed its name to CSAM in January 1999 to more accurately reflect
its integration into Credit Suisse Asset Management. Together with its
predecessor firms, CSAM has been engaged in the investment advisory business in
the United States for over 60 years. In the United States, CSAM is an investment
manager for corporate and state pension funds, endowments and other
institutions, and has assets under management of approximately $58 billion. The
principal business address of CSAM's U.S. operations is 153 East 53rd Street,
New York, New York 10022. CSAM is organized as a limited liability company which
is an indirect wholly owned U.S. subsidiary of Credit Suisse Group.

CSAM has sole investment discretion with respect to the Global Income Fund's
portfolio under the supervision of the board of directors and in accordance with
the Global Income Fund's stated policies. CSAM will select investments for the
Global Income Fund and will place purchase and sale orders on behalf of the
Global Income Fund. For its services, CSAM is paid a quarterly fee computed at
an annual rate of 0.50% of the Global Income Fund's average weekly net assets.

THE ADMINISTRATOR

The Fund employs Brown Brothers Harriman & Co., 40 Water Street, Boston, MA
02109, under a service agreement dated as of March 1, 1999, to provide
administration and accounting services to the Global Income Fund. The services
provided by Brown Brothers Harriman under the service agreement are subject to
the supervision of the directors and officers of the Global Income Fund, and
include day to day administration of matters related to its corporate existence,
maintenance of its records, preparation of reports and supervision of
arrangements with custodians and the transfer and dividend disbursing agent.

Brown Brothers Harriman is a commercial bank organized as a partnership
under the laws of the states of New York, Pennsylvania and Massachusetts. Brown
Brothers Harriman provides corporate management and administrative services to
investment companies that at April of 1999 had approximately $80 billion of net
assets.

The Global Income Fund pays Brown Brothers Harriman a fee based on average
net assets.

Brown Brothers Harriman is also the custodian of the Global Income Fund.

DIRECTORS AND OFFICERS

The business and affairs of the Global Income Fund are managed under the
direction of its board of directors, and day to day operations are conducted
through or under the direction of its officers. For information regarding the
directors and officers, see "Management--Directors and Officers" in the
statement of additional information.

PORTFOLIO MANAGEMENT

Richard Lindquist, who has been a Managing Director of CSAM since 1997, is
primarily responsible for the management of the Global Income Fund's assets. Mr.
Lindquist joined CSAM in May 1995 and

26
<PAGE>
became President and Chief Investment Officer of the Global Income Fund in
November 1996. He is also President and Chief Investment Officer of Credit
Suisse Asset Management Income Fund, Inc. Mr. Lindquist has served the Global
Income Fund in various positions since its inception.

Gregg Diliberto, who has been a Managing Director of CSAM since May, 1995,
shares responsibility for the management of the Global Income Fund's investments
in emerging markets. Mr. Diliberto has been an Investment Officer of the Global
Income Fund since 1997.

Maryam Ettehadieh, who has been a Vice President of CSAM since January,
1997, shares responsibility for the management of the Global Income Fund's
investments in emerging markets. Ms. Ettehadieh joined CSAM in 1993. She has
been a portfolio manager of the Global Income Fund since July, 1999.

ESTIMATED EXPENSES

CSAM and Brown Brothers Harriman are each obligated to pay expenses
associated with providing the services contemplated by the agreements to which
they are parties, including compensation of and office space for their
respective officers and employees connected with investment and economic
research, trading and investment management and administration of the Global
Income Fund, as well as the fees of all directors of the Global Income Fund who
are affiliated with those companies or any of their affiliates.

The Global Income Fund pays all other expenses incurred in its operation
including, among other things:

- fees of legal counsel and independent accountants

- costs of printing proxies, stock certificates and shareholder reports

- charges of the custodians, any sub-custodians and the transfer and
dividend-paying agent

- expenses in connection with the InvestLink-SM- Program

- Securities and Exchange Commission fees

- fees and expenses of unaffiliated directors

- accounting and pricing costs

- membership fees in trade associations

- fidelity bond coverage for officers and employees

- directors' and officers' errors and omissions insurance coverage

- interest, brokerage costs and stock exchange fees

- taxes, stock exchange listing fees and expenses

- expenses of qualifying the shares for sale in various states

- litigation and other extraordinary or non-recurring expenses

27
<PAGE>
PORTFOLIO TRANSACTIONS

CSAM will select the brokers or dealers that will execute the purchases and
sales of portfolio securities for the Global Income Fund. In connection with the
selection of brokers and dealers, the primary objective is to seek to obtain the
execution of each investment transaction at a price and commission which
provides the most favorable total cost or proceeds reasonably obtainable under
the circumstances. For a more detailed discussion of the Global Income Fund's
brokerage allocation practice, see the statement of additional information under
"Portfolio Transactions."

DIVIDENDS AND DISTRIBUTIONS; INVESTLINK-SM- PROGRAM

The Global Income Fund distributes monthly to shareholders substantially all
of its net investment income. Net short-term capital gains, if any, are
distributed annually. The board intends to distribute annually any net long-term
realized capital gains (the excess of net long-term capital gains over net
short-term capital losses). See "Taxation."

You may elect to have all dividends and distributions, net of any U.S.
withholding tax, automatically reinvested in additional shares through the
Global Income Fund's InvestLink-SM- Program. BankBoston, N.A. c/o
EquiServe-Boston is the administrator for the InvestLink-SM- Program.
"InvestLink" is a service mark of EquiServe.

PURPOSE OF THE INVESTLINK-SM- PROGRAM

The purpose of the InvestLink-SM- Program is to provide you with a simple
and convenient way to invest funds and reinvest dividends in shares of Global
Income Fund stock at prevailing prices, with reduced brokerage commissions and
fees.

ELIGIBILITY AND PARTICIPATION

You may join the program at any time by completing and signing the
enrollment form and returning it to BankBoston. Enrollment forms may be obtained
at any time by calling the program administrator at one of the telephone numbers
listed below:

- First Time Investors - 1-800-523-8506

- Current Shareholders - 1-800-730-6001

Beneficial owners whose shares are registered in the name of a bank, broker
or other nominee must make arrangements with such bank, broker or nominee to
have the shares transferred into their own names if they wish to have dividends
on such shares paid to the program administrator pursuant to the program.

Purchases of shares with funds from your cash payment or automatic account
deduction will begin on the next day on which funds are invested. If you select
the dividend reinvestment option, automatic investment of dividends will begin
with the next dividend payable after the program administrator receives your
enrollment form, provided it is received prior to the dividend record date. If
your enrollment form arrives after the record date, automatic investment of
dividends will begin with the following dividend. Once in the program, you will
remain a participant until you terminate your participation or sell all shares
held in your program account, or your account is terminated by the program
administrator.

PROGRAM OPTIONS

The program offers various investment options, as outlined below:

- "Automatic Bank Account Deduction": Funds in the amount you specify
will be charged to your bank account each month and the program
administrator will invest such funds to purchase additional shares of
the Global Income Fund.

28
<PAGE>
- "Full Dividend Reinvestment": The program administrator will receive
all cash dividends payable on shares held in your program account and
on any other shares registered in your name. In addition, the program
administrator will invest in shares of the Global Income Fund all of
your cash dividends on all of the shares then or subsequently
registered in your name or held in your program account.

- "Partial Dividend Reinvestment": The program administrator will receive
a portion of cash dividends payable on shares held in your program
account and on any other shares of the Global Income Fund registered in
your name. In addition, the program administrator will invest that
portion of cash dividends on shares held in your program account and
any other shares of the Global Income Fund registered in your name.

- "Cash Investments": The program administrator will not invest any
portion of cash dividends due you on shares held in your program
account or on shares registered in your name.

You may change your investment options at any time by requesting a new
enrollment form and returning it to the program administrator. The program
administrator must receive notice on or before the 15th calendar day preceding a
dividend payment date in order for a change in your dividend reinvestment option
to be effective for that dividend.

COSTS TO PARTICIPANTS IN CONNECTION WITH PURCHASES AND SALES UNDER THE PROGRAM

In connection with the following transactions, participants will be assessed
the following charges:

- First-time investors will be subject to an initial service charge which
will be deducted from the initial cash deposit.

- All optional cash deposit investments will have a service charge
deducted from the cash to be invested.

- Sales processed through the program will have a service fee deducted
from the net proceeds, after brokerage commissions.

- Participants are responsible for all commission costs associated with
purchases and sales. In addition to the transaction charges outlined
above, participants will be assessed per share processing fees which
include brokerage commissions.

PURCHASE OF GLOBAL INCOME FUND SHARES

The program administrator uses dividends and funds of participants to
purchase shares of Global Income Fund common stock in the open market. Such
purchases will be made by participating brokers as agent for the participants.
Transaction processing will generally occur within 30 days of the receipt of
funds. In the event the program administrator is unable to purchase shares
within 30 days of the receipt of funds, such funds will be returned to you.

Shares offered under the program to participants in certain jurisdictions
may be offered only through broker-dealers registered in these jurisdictions.

The average price of all shares purchased by the program administrator with
all funds received during the time period from two business days preceding any
investment date up to the second business day preceding the next investment date
shall be the price per share allocable to you in connection with the shares
purchased for your account with your funds or dividends received by the program
administrator during such time period. The average price of all shares sold by
the program administrator pursuant to sell orders received during such time
period shall be the price per share allocable to you in connection with the
shares sold for your account pursuant to your sell orders received by the
program administrator during such time period.

29
<PAGE>
CASH PAYMENTS AND AUTOMATIC BANK ACCOUNT DEDUCTIONS

If you are not already a registered owner of Global Income Fund common
stock, your initial investment under the program must be at least $250.00. All
other cash payments or bank account deductions must be at least $100.00, up to a
maximum of $250,000.00 annually.

The same amount of cash payment need not be sent each month and you are
under no obligation to make a cash payment in any month. The amount of automatic
bank account deduction must be specified by you on the enrollment form and will
continue until changed by you by notifying the program administrator in writing.

ADMINISTRATION

BankBoston, as program administrator, administers the program for
participants, keeps records, sends statements of account to participants and
performs other duties relating to the program. Shares of Global Income Fund
common stock purchased under the program will be registered in the name of the
accounts of the respective participants.

REPORTS TO PARTICIPANTS

Each participant in the program will receive a statement of his or her
account following each purchase of shares. These statements are a record of the
cost of purchase of shares under the program and should be retained for tax
purposes. The statements will also show the amount of dividends credited to such
participant's account (if applicable), as well as the fees paid by the
participant. In addition, each participant will receive copies of the Fund's
annual report to shareholders, proxy statements and, if applicable, dividend
income information for tax reporting purposes.

CERTIFICATES FOR SHARES

Unless requested, the Global Income Fund will not issue to participants
certificates for shares of Global Income Fund common stock purchased under the
program. The number of shares purchased for your account under the program will
be shown on your statement of account. This feature protects against loss, theft
or destruction of stock certificates.

Certificates for any number of whole shares credited to your account under
the program will be issued to you at no charge upon your written request to
withdraw such shares from your account. Certificates for fractions of shares
will not be issued.

WITHDRAWAL OF SHARES IN PROGRAM ACCOUNTS

You may withdraw all or a portion of the shares from your program account by
notifying the program administrator. A withdrawal/termination form is provided
on the account statement for this purpose. This notice should be mailed to the
address on the form.

Within five business days of receipt of your request, certificates for the
whole shares of Global Income Fund common stock so withdrawn will be issued to
you or, if you request, the program administrator will sell the shares for you
and send you the proceeds, less applicable brokerage commissions, fees, and
transfer taxes, if any. Proceeds are normally paid by check and will be
distributed to you within four business days after your shares are sold. In no
case will certificates for fractional shares be issued.

If you withdraw all full and fractional shares in your program account, your
participation in the program will be terminated by the program administrator.

30
<PAGE>
RIGHTS OFFERINGS, STOCK DIVIDENDS AND STOCK SPLITS

Participation in any rights offering (including the offer), dividend
distribution or stock split will be based upon both the shares of the Global
Income Fund registered in participants' names and the shares (including
fractional shares) credited to participants' program accounts. Any stock
dividend or shares resulting from stock splits with respect to shares of the
Global Income Fund, both full and fractional, which participants hold in their
program accounts and with respect to all shares registered in their names will
be automatically credited to their accounts in book-entry form.

VOTING OF A PARTICIPANT'S PROGRAM SHARES AT A MEETING OF SHAREHOLDERS

All shares (including any fractional share) credited to your account under
the program will be voted as you direct. If on the record date for a meeting of
shareholders there are shares credited to your account under the program, you
will be sent the proxy materials for such meeting. When you return an executed
proxy, all of such shares will be voted as indicated. Or, if you so elect, you
may vote all of such shares in person at the shareholders' meeting. If you do
not provide instructions or return an executed proxy, the plan will not vote
your shares.

FEDERAL INCOME TAX CONSEQUENCES OF PARTICIPATION IN THE PROGRAM

You will receive tax information annually for your personal records and to
help you prepare your federal income tax return. The automatic reinvestment of
dividends does not relieve you of any income tax which may be payable on
dividends. For further information as to tax consequences of participation in
the program, participants should consult with their own tax advisors.

RESPONSIBILITY OF THE PROGRAM ADMINISTRATOR UNDER THE PROGRAM

The program administrator in administering the program will not be liable
for any act done in good faith or for any good faith omission to act. However,
the program administrator will be liable for loss or damage due to error caused
by its negligence, bad faith or willful misconduct. Shares held in custody by
the program administrator are not subject to protection under the Securities
Investors Protection Act of 1970.

The participant should recognize that neither the Global Income Fund nor the
program administrator can provide any assurance of a profit or protection
against loss on any shares purchased under the program.

While the program administrator hopes to continue the program indefinitely,
the program administrator reserves the right to suspend or terminate the program
at any time. It also reserves the right to make modifications to the program.
Participants will be notified of any such suspension, termination or
modification. The program administrator also reserves the right to terminate any
participant's participation in the program at any time.

Any question of interpretation arising under the program will be determined
by the program administrator in good faith and any such determination will be
final.

CONTACT INFORMATION

All correspondence regarding the program should be directed to:

BankBoston, N.A.
"InvestLink" Program
P.O. Box 8040
Boston, MA 02266-8040
Phone: 1-800-730-6001

31
<PAGE>
TAXATION

The following discussion of United States Federal income taxation is based
on the advice of Willkie Farr & Gallagher, counsel to the Global Income Fund.

GENERAL. The following information is meant to be a summary. Please see the
statement of additional information for additional information. You should rely
on your own tax advisor for advice about the particular federal, state and local
tax consequences to you of investing in the Global Income Fund.

Although the Global Income Fund intends to operate so that it will not have
to pay federal income or excise tax, if it does have to pay tax, this would
adversely affect investment performance.

The Global Income Fund will distribute substantially all of its income and
gains to shareholders every year, and you will be taxed on distributions you
receive, regardless of whether they are paid in cash or are reinvested in
shares. If the Global Income Fund declares a dividend in October, November or
December but pays it in January, you may be taxed on the dividend as if you
received it in the previous year.

The Global Income Fund will send you a tax report each year. The report will
tell you which dividends and redemptions must be treated as taxable ordinary
income and which, if any, are long-term capital gain. If the Global Income Fund
designates a dividend as a capital gain distribution, you will pay tax on that
dividend at the long-term capital gains tax rate, no matter how long you have
held your shares.

If you hold your shares in a tax-deferred retirement account, such as an
IRA, you generally will not have to pay tax on dividends until they are
distributed from the account. These accounts are subject to complex tax rules,
and you should consult your tax adviser about investment through a tax-deferred
account.

You will generally have a capital gain or loss if you sell your shares. The
amount of the gain or loss and the rate of tax will depend primarily upon how
much you paid for the shares, how much you sell them for, and how long you held
them.

The Global Income Fund may be required to withhold U.S. federal income tax
at the rate of 31% of all taxable distributions payable to you if you fail to
provide your correct taxpayer identification number or to make required
certifications, or if you have been notified by the IRS that you are subject to
backup withholding. Backup withholding is not an additional tax. Any amounts
withheld may be credited against your U.S federal income tax liability.

FOREIGN SHAREHOLDERS. If you are a nonresident alien individual, a foreign
trust or estate, a foreign corporation, or a foreign partnership under U.S.
laws, you will be subject to U.S. withholding tax at the rate of 30% (or
applicable lower treaty rate) except where such distributions are effectively
connected with a trade or business carried on by you in the United States.

Under certain circumstances more fully described in the statement of
additional information, distributions of net long-term capital gains to you and
gains from sales of shares by you may not be subject to U.S. income tax.

If the income from the Global Income Fund is effectively connected with a
trade or business carried on by you, distributions of net investment income and
net long-term capital gains, and any gains realized upon the sale or redemption
of shares, will be subject to U.S. income tax at the graduated rates applicable
to U.S. citizens or domestic corporations.

If you are entitled to claim the benefits of an applicable tax treaty, the
tax consequences to you may be different from those described herein. You are
advised to consult your own tax adviser with respect to the particular tax
consequences to you of an investment in the Global Income Fund.

OTHER TAXATION. Income received by the Global Income Fund from sources
within foreign countries may be subject to withholding and other taxes imposed
by such countries. Tax conventions between certain

32
<PAGE>
countries and the United States may reduce or eliminate such taxes. It is
impossible to determine the effective rate of foreign tax in advance since the
amount of assets to be invested in various countries is not known.

Distributions also may be subject to additional state, local and foreign
taxes depending on your particular situation. You are advised to consult your
own tax adviser with respect to the particular tax consequences to you of an
investment in the Global Income Fund and of the possible impact of proposed
changes in applicable tax laws.

NET ASSET VALUE

The net asset value per share is determined as of the close of business on
the NYSE on the last business day of each week and at month-end, by dividing the
value of the Global Income Fund's net assets (the value of its assets less its
liabilities, exclusive of capital stock and surplus) by the total number of
shares of common stock outstanding. Net asset value includes interest on
fixed-income securities which is accrued daily. Market values for fixed-income
securities are valued at the latest quoted bid price in the over-the counter
market. However, fixed-income securities may be valued on the basis of prices
provided by a pricing service which are based primarily on institutional size
trading in similar groups of securities. Other securities listed on an exchange
are valued at the latest quoted sales prices on the day of valuation or, if
there were no sale on such day, the last bid price quoted on such day.
Quotations of foreign currency prices denominated in a foreign currency are
converted to U.S. dollars at the current exchange rate on the valuation date.
Securities purchased with remaining maturities of 60 days or less are valued at
amortized cost, if it approximates market value. Securities for which market
quotations are not readily available (including restricted investments which are
subject to limitations as to their sale) are valued at fair value as determined
in good faith by the board of directors. In determining net asset value,
consideration is given to cost, operating and other financial data.

COMMON STOCK

The authorized capital stock of the Global Income Fund consists of
100,000,000 shares of common stock, $.001 par value. Shares, when issued, will
be fully paid and nonassessable. All shares are equal as to dividends, assets
and voting privileges and have no conversion, preemptive or other subscription
rights. In the event of liquidation, each share of common stock is entitled to
its proportion of the Global Income Fund's assets after payment of debts and
expenses. As a holder of shares of common stock, you are entitled to one vote
per share and do not have cumulative voting rights.

Set forth below is information with respect to the common stock as of August
31, 1999:

<TABLE>
<CAPTION>
AMOUNT HELD BY FUND
AMOUNT AUTHORIZED FOR ITS OWN ACCOUNT AMOUNT OUTSTANDING
- --------------------- -------------------- -------------------
<S> <C> <C>
100,000,000 Shares 0 Shares 8,454,140 Shares
</TABLE>

The number of shares outstanding as of August 31, 1999, adjusted to give
effect to the issuance of all the shares pursuant to the offer, including 25% of
the shares available for issuance pursuant to the over-subscription privilege,
would be 11,976,698.

The outstanding shares are listed and traded on the NYSE. The average weekly
trading volume of the common stock on the NYSE during the year ended December
31, 1998 was 10,960 shares. The following table sets forth for the quarters
indicated the high and low sales prices on the NYSE per share of common

33
<PAGE>
stock and the net asset value and the premium or discount from net asset value
at which the common stock was trading, expressed as a percentage of net asset
value, at each of the high and low sales prices provided.

<TABLE>
<CAPTION>
PREMIUM/DISCOUNT AS %
MARKET PRICE(1) NET ASSET VALUE OF NAV(2)
------------------- ----------------- ---------------------
QUARTER ENDED HIGH LOW HIGH LOW HIGH LOW
- ------------------------------ -------- -------- ------- ------- --------- --------
<S> <C> <C> <C> <C> <C> <C>
March 31, 1997................ 9 1/2 9 $ 10.51 $ 10.24 (12.11)% (8.57)%
June 30, 1997................. 9 11/16 9 10.58 10.18 (11.59) (8.03)
September 30, 1997............ 10 9 11/16 10.94 10.65 (10.38) (8.14)
December 31, 1997............. 10 1/4 9 5/8 11.05 10.67 (9.96) (4.70)
March 31, 1998................ 10 1/2 10 1/16 11.03 10.64 (6.50) (3.31)
June 30, 1998................. 10 1/2 9 15/16 10.99 10.74 (7.02) (4.28)
September 30, 1998............ 10 1/8 8 1/8 10.72 9.24 (12.81) (4.84)
December 31, 1998............. 8 7/8 8 9.42 9.08 (11.89) (4.26)
March 31, 1999................ 8 11/16 8 3/16 9.29 9.05 (11.20) (5.67)
June 30, 1999................. 8 7/8 8 7/16 9.53 9.19 (11.46) (5.41)
Through September 21, 1999.... 9 8 5/8 9.32 8.98 0.22 (5.63)
</TABLE>

- ---------

(1) As reported by the NYSE.

(2) Based on the Global Income Fund's computations.

The by-laws provide that if the average discount from net asset value at
which shares of the common stock have traded is substantial in the determination
of the board of directors, the board of directors will consider, at its next
regularly scheduled quarterly meeting, taking actions designed to eliminate the
discount, including amendments to the articles of incorporation to convert the
Global Income Fund to an open-end investment company. Any such amendment would
require a favorable vote of a majority of the shares entitled to vote on the
matter and the amendment would have to be declared advisable by the board of
directors prior to its submission to shareholders. Shareholders of an open-end
investment company may require the company to redeem their shares at any time
(except in certain circumstances as authorized by or under the 1940 Act) at
their net asset value, less such redemption charge, if any, as might be in
effect at the time of a redemption.

The board of directors has approved a share repurchase program authorizing
the Global Income Fund from time to time to make open-market purchases of shares
on the NYSE up to 10% of the number of shares that were outstanding as of
December 11, 1990. There were no repurchases of shares during the year ended
December 31, 1998.

TRANSFER AGENT, DIVIDEND DISBURSING AGENT,
REGISTRAR AND CUSTODIAN

The transfer agent, dividend disbursing agent and registrar for the common
stock is BankBoston, N.A., P.O. Box 1865, Mailstop 45-02-62, Boston,
Massachusetts 02105-1865.

The Global Income Fund's securities and cash are held by Brown Brothers
Harriman as custodian.

DISTRIBUTION ARRANGEMENTS

Salomon Smith Barney Inc., located at 388 Greenwich Street, New York, New
York 10013, will act as dealer manager for the offer. Under the terms and
subject to the conditions contained in the dealer manager agreement between the
Global Income Fund and Salomon Smith Barney Inc., Salomon Smith Barney Inc. will
provide financial advisory services and marketing assistance in connection with
the offer and will solicit the exercise of rights by record date shareholders.
The offer is not contingent upon any number of rights being exercised. The
Global Income Fund has agreed to pay Salomon Smith Barney Inc. a fee for
financial advisory and marketing services equal to 1.25% of the subscription
price per share for

34
<PAGE>
shares issued upon exercise of the rights and the over-subscription privilege
and to pay broker-dealers, including Salomon Smith Barney Inc., fees for their
soliciting efforts of 2.50% of the subscription price per share for each share
issued upon exercise of the rights and the over-subscription privilege.

The Global Income Fund has also agreed to reimburse Salomon Smith Barney
Inc. up to $100,000 for its reasonable expenses incurred in connection with the
offer.

The Global Income Fund and CSAM have agreed to indemnify Salomon Smith
Barney Inc. or to contribute for losses arising out of certain liabilities
including liabilities under the Securities Act. The dealer manager agreement
also provides that Salomon Smith Barney Inc. will not be subject to any
liability to the Global Income Fund in rendering the services contemplated by
the agreement except in instances involving bad faith, willful misfeasance, or
gross negligence on its part or the reckless disregard of its obligations and
duties under the agreement.

The Global Income Fund has agreed, subject to certain exceptions, including
automatic reinvestment in additional shares pursuant to the InvestLink(SM)
Program, not to offer or sell, or enter into any agreement to sell, any equity
or equity related securities or securities convertible into such securities for
a period of 180 days after the date of the dealer manager agreement without the
prior consent of Salomon Smith Barney Inc.

In connection with the offer, Salomon Smith Barney Inc. may, but is not
obligated to, effect transactions designed to keep the market price of the
shares higher than they might otherwise be without such trading. Such
transactions may be effected on the NYSE or elsewhere. Such stabilizing, if
commenced, may be discontinued at any time. There can be no assurance that such
transactions, if effected, will be able to keep the market price of the shares
higher than they might otherwise be without such trading. Salomon Smith Barney
Inc. may realize profits or losses independent of any fees described in this
prospectus.

LEGAL MATTERS

With respect to matters of United States law, the validity of the shares
offered hereby will be passed on for the Global Income Fund by Willkie Farr &
Gallagher, New York, New York. Certain legal matters will be passed on for the
dealer manager by Simpson Thacher & Bartlett, New York, New York. Counsel for
the Global Income Fund and the dealer manager may rely, as to matters of
Maryland law, on Venable, Baetjer and Howard, LLP, Baltimore, Maryland.

EXPERTS

The financial statements of the Global Income Fund as of December 31, 1998
have been incorporated by reference into the statement of additional information
in reliance on the report of PricewaterhouseCoopers LLP, independent
accountants, given on the authority of said firm as experts in auditing and
accounting. PricewaterhouseCoopers LLP is located at 1177 Avenue of the
Americas, New York, New York 10036.

FURTHER INFORMATION

Further information concerning these securities and their issuer may be
found in the Registration Statement of which this prospectus constitutes a part
on file with the Securities and Exchange Commission. The Commission maintains a
World Wide Web site on the Internet at http://www.sec.gov. that contains the
prospectus, material incorporated by reference and other information regarding
registrants, such as the Global Income Fund, that file electronically with the
Commission. The Registration Statement may also be inspected without charge at
the Commission's office in Washington, D.C., and copies of all or any part
thereof may be obtained from such office after payment of the fees prescribed by
the Commission.

35
<PAGE>
The Global Income Fund is subject to the informational requirements of the
Securities Exchange Act of 1934 and the 1940 Act, and in accordance therewith
files reports and other information with the Commission. Such reports and other
information can be inspected and copied at the public reference facilities
maintained by the Commission at 450 Fifth Street, NW, Washington, D.C. 20549 and
the Commission's regional offices at Seven World Trade Center, New York, New
York 10048. Copies of such materials can be obtained from the Public Reference
Section of the Commission at 450 Fifth Street, NW, Washington, D.C. 20549 at
prescribed rates. Such reports and other information concerning the Global
Income Fund also may be inspected at the offices of the NYSE and are available
on the Commission's World Wide Web site on the Internet at http://www.sec.gov.

36
<PAGE>
Filed Pursuant to Rule 497(c)
Securities Act File No. 333-84153
Investment Company Act File No. 811-5458

TABLE OF CONTENTS
STATEMENT OF ADDITIONAL INFORMATION

<TABLE>
<CAPTION>
PAGE
-----
<S> <C>
General Information........................................................................................ 2
Investment Policies........................................................................................ 2
Investment Restrictions.................................................................................... 13
Management................................................................................................. 15
Portfolio Transactions..................................................................................... 18
Taxation................................................................................................... 19
Common Stock............................................................................................... 26
Financial Statements....................................................................................... 26
</TABLE>

37
<PAGE>
APPENDIX A

CORPORATE BOND RATINGS
MOODY'S INVESTORS SERVICE'S CORPORATE BOND RATINGS

<TABLE>
<S> <C>
Aaa Bonds which are rated Aaa are judged to be of the best quality. They carry the
smallest degree of investment risk and are generally referred to as "gilt edged".
Interest payments are protected by a large or by an exceptionally stable margin
and principal is secure. While the various protective elements are likely to
change, such changes as can be visualized are most unlikely to impair the
fundamentally strong position of such issues.
Aa Bonds which are rated Aa are judged to be of high quality by all standards.
Together with the Aaa group they comprise what are generally known as high-grade
bonds. They are rated lower than the best bonds because margins of protection may
not be as large as in Aaa securities or fluctuation of protective elements may be
of greater amplitude or there may be other elements present which make the
long-term risks appear somewhat larger than the Aaa securities.
A Bonds which are rated A possess many favorable investment attributes and are to be
considered as upper medium grade obligations. Factors giving security to principal
and interest are considered adequate, but elements may be present which suggest a
susceptibility to impairment sometime in the future.
Baa Bonds which are rated Baa are considered as medium-grade obligations, (i.e., they
are neither highly protected nor poorly secured). Interest payments and principal
security appear adequate for the present but certain protective elements may be
lacking or may be characteristically unreliable over any great length of time.
Such bonds lack outstanding investment characteristics and in fact have
speculative characteristics as well.
</TABLE>

<TABLE>
<S> <C>
Ba Bonds which are rated Ba are judged to have speculative elements; their future
cannot be considered as well-assured. Often the protection of interest and
principal payments may be very moderate, and thereby not well safeguarded during
both good and bad times over the future. Uncertainty of position characterize
bonds in this class.
B Bonds which are rated B generally lack characteristics of the desirable
investment. Assurance of interest and principal payments or of maintenance of
other terms of the contract over any long period of time may be small.
Caa Bonds which are rated Caa are of poor standing. Such issues may be in default or
there may be present elements of danger with respect to principal or interest.
Ca Bonds which are rated Ca represent obligations which are speculative in a high
degree. Such issues are often in default or have other marked shortcomings.
C Bonds which are rated C are the lowest rated class of bonds, and issues so rated
can be regarded as having extremely poor prospects of ever attaining any real
investment standing.
</TABLE>

Note: Moody's applies numerical modifiers "1", "2" and "3" in each generic
rating classification from Aaa through B in its corporate bond rating system.
The modifier "1" indicates that the security ranks in the higher end of its
generic rating category: the modifier "2" indicates a mid-range ranking; and the
modifier "3" indicates that the issue ranks in the lower end of its generic
rating category.

STANDARD & POOR'S CORPORATE AND MUNICIPAL BOND RATINGS

<TABLE>
<S> <C>
AAA An obligation rated AAA has the highest rating assigned by Standard & Poor's. The
obligor's capacity to meet its financial commitment on the obligation is extremely
strong.
AA An obligation rated AA differs from the highest-rated obligations only in a small
degree. The obligor's capacity to meet its financial commitment on the obligation
is very strong.
</TABLE>

A-1
<PAGE>
<TABLE>
<S> <C>
A An obligation rated A is somewhat more susceptible to the adverse effects of
changes in circumstances and economic conditions than obligations in higher rated
categories. However, the obligor's capacity to meet its financial commitment on
the obligation is still strong.

BBB An obligation rated BBB exhibits adequate protection parameters. However, adverse
economic conditions or changing circumstances are more likely to lead to a
weakened capacity to meet its financial commitment on the obligation. Obligations
rated BB, B, CCC and CC and C are regarded as having significant speculative
characteristics. BB indicates the lowest degree of speculation and C the highest.
While such bonds will likely have some quality and protective characteristics,
these may be outweighed by large uncertainties or major exposures to adverse
conditions.

BB An obligation rated BB is less vulnerable to nonpayment than other speculative
issues. However, it faces major ongoing uncertainties or exposure to adverse
business, financial, or economic conditions, which could lead to the obligor's
inadequate capacity to meet its financial commitment on the obligation.

B An obligation rated B is more vulnerable to nonpayment than obligations rated BB,
but the obligor currently has the capacity to meet its financial commitment on the
obligation. Adverse business, financial, or economic conditions will likely impair
the obligor's capacity or willingness to meet its financial commitment on the
obligation.

CCC An obligation rated CCC is currently vulnerable to nonpayment and is dependent
upon favorable business, financial and economic conditions for the obligor to meet
its financial commitment on the obligation. In the event of adverse business,
financial or economic conditions, the obligor is not likely to have the capacity
to meet its financial commitment on the obligation.

CC An obligation rated CC is currently highly vulnerable to nonpayment.

C The C rating may be used to cover a situation where a bankruptcy petition has been
filed or similar action has been taken, but payments on this obligation are being
continued.

D An obligation rated D is in payment default. The D rating category is used when
payments on an obligation are not made on the date due even if the applicable
grace period has not expired, unless Standard & Poor's believes that such payments
will be made during such grace period. The D rating also will be used upon the
filing of a bankruptcy petition or the taking of a similar action if payments on
an obligation are jeopardized.
</TABLE>

Plus (+) or minus (-)--The ratings from AA to CCC may be modified by the
addition of a plus or minus sign to show relative standing within the major
rating categories.

r--This symbol is attached to the ratings of instruments with significant
noncredit risks. It highlights risks to principal or volatility of expected
returns which are not addressed in the credit rating. Examples include:
obligations linked or indexed to equities, currencies, or commodities;
obligations exposed to severe prepayment risk--such as interest-only or
principal-only mortgage securities; and obligations with unusually risky
interest terms, such as inverse floaters.

A-2
<PAGE>
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------

YOU SHOULD RELY ONLY ON THE INFORMATION CONTAINED IN THIS DOCUMENT OR THAT
THE GLOBAL INCOME FUND HAS REFERRED YOU TO. THE GLOBAL INCOME FUND HAS NOT
AUTHORIZED ANYONE TO PROVIDE YOU WITH INFORMATION THAT IS DIFFERENT. THIS
PROSPECTUS IS NOT AN OFFER TO SELL THESE SECURITIES AND IS NOT SOLICITING AN
OFFER TO BUY THESE SECURITIES IN ANY STATE WHERE THE OFFER, SOLICITATION OR SALE
IS NOT PERMITTED. YOU SHOULD NOT ASSUME THAT THE INFORMATION HEREIN IS CORRECT
AS OF ANY TIME SUBSEQUENT TO THE DATE HEREOF OR THAT THERE HAS BEEN NO CHANGE IN
THE AFFAIRS OF THE GLOBAL INCOME FUND SINCE SUCH DATE.

------------------------

TABLE OF CONTENTS

<TABLE>
<CAPTION>
PAGE
----
<S> <C>
Prospectus Summary........................................................ 3
Fee Table................................................................. 8
Financial Highlights...................................................... 9
The Offer................................................................. 10
Use of Proceeds........................................................... 17
The Fund.................................................................. 17
Risk Factors and Special Considerations................................... 17
Investment Objective and Policies......................................... 21
Management................................................................ 26
Portfolio Transactions.................................................... 28
Dividends and Distributions; InvestLink(SM) Program....................... 28
Taxation.................................................................. 32
Net Asset Value........................................................... 33
Common Stock.............................................................. 33
Transfer Agent, Dividend Disbursing Agent, Registrar and Custodian........ 34
Distribution Arrangements................................................. 34
Legal Matters............................................................. 35
Experts................................................................... 35
Further Information....................................................... 35
Appendix A................................................................ A-1
</TABLE>

2,818,047 SHARES

CREDIT SUISSE
ASSET MANAGEMENT
STRATEGIC GLOBAL
INCOME FUND, INC.

COMMON STOCK
($.001 PAR VALUE)

---------------------

PROSPECTUS

---------------------

SALOMON SMITH BARNEY

- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------

<PAGE>

CREDIT SUISSE ASSET MANAGEMENT
STRATEGIC GLOBAL INCOME FUND, INC.

------------------------

STATEMENT OF ADDITIONAL INFORMATION

Credit Suisse Asset Management Strategic Global Income Fund, Inc. is a
diversified, closed-end management investment company seeking high current
income consistent with the preservation of capital. The Global Income Fund seeks
to achieve this objective by investing in higher-yielding U.S. and foreign
securities, with an emphasis on U.S. high yield (junk bonds) and emerging market
securities.

This statement of additional information is not a prospectus, but you
should read it in conjunction with the prospectus for the Global Income Fund
dated September 24, 1999. This statement of additional information does not
include all information that you should consider before purchasing shares,
and you should obtain and read the prospectus prior to purchasing shares. You
may obtain a copy of the prospectus without charge, by calling (800)
733-8481, extension 349, and from outside the United States, by calling (212)
805-7000. This statement of additional information incorporates by reference
the entire prospectus.

------------------------

TABLE OF CONTENTS

<TABLE>
<CAPTION>
PAGE
----
<S> <C>
GENERAL INFORMATION........................................................................................ 2

INVESTMENT POLICIES........................................................................................ 2

INVESTMENT RESTRICTIONS.................................................................................... 10

MANAGEMENT................................................................................................. 12

PORTFOLIO TRANSACTIONS..................................................................................... 15

TAXATION................................................................................................... 16

COMMON STOCK............................................................................................... 21

FINANCIAL STATEMENTS....................................................................................... 21
</TABLE>

------------------------

The prospectus and this statement of additional information omit certain of
the information contained in the registration statement filed with the
Securities and Exchange Commission, Washington, D.C. You may obtain the
registration statement from the Securities and Exchange Commission upon payment
of the fee prescribed, or inspect it at the Securities and Exchange Commission's
office at no charge.

------------------------

This statement of additional information is dated
September 24, 1999

<PAGE>

GENERAL INFORMATION

The Global Income Fund changed its name from CS First Boston Strategic
Income Fund, Inc. to BEA Strategic Income Fund, Inc. in August 1995, to BEA
Strategic Global Income Fund, Inc. in June of 1997, and to Credit Suisse Asset
Management Strategic Global Income Fund, Inc. in May 1999.

INVESTMENT POLICIES

U.S. FIXED-INCOME SECURITIES.

HIGH YIELD FIXED-INCOME SECURITIES. The Global Income Fund invests
primarily in higher yielding, lower rated U.S. corporate fixed income
securities, including debt securities, convertible securities and preferred
stocks. It may also invest in securities rated single A or higher by Moody's or
by Standard & Poor's and unrated corporate fixed-income securities when CSAM
determines that such securities are offering high yields in relation to risk due
to current market or other conditions.

Differing yields on fixed-income securities of the same maturity are a
function of several factors, including the relative financial strength of the
issuers. Higher yields are generally available from securities in the lower
categories of recognized rating agencies, i.e., Baa or lower by Moody's or BBB
or lower by Standard & Poor's. The Global Income Fund may invest in any security
which is rated by Moody's or by Standard & Poor's or in any unrated security
which CSAM determines is of suitable quality. However, substantially all of the
securities in which the Global Income Fund invests will be in the lower-rated
categories. Lower-rated securities generally provide yields superior to those of
more highly-rated securities, but involve greater risks and are speculative in
nature. Securities in the rating categories below Baa as determined by Moody's
and BBB as determined by Standard & Poor's are considered to be of poor standing
and predominantly speculative. The rating services' descriptions of these rating
categories, including the speculating characteristics of the lower categories,
are set forth in Appendix A to the prospectus.

Securities ratings are based largely on the issuer's historical financial
information and the rating agencies' investment analysis at the time of rating.
Consequently, the rating assigned to any particular security is not necessarily
a reflection of the issuer's current financial condition, which may be better or
worse than the rating would indicate. Although CSAM considers security ratings
when making investment decisions for high yield securities, it performs its own
investment analysis and does not rely principally on the ratings assigned by the
rating services. CSAM's analysis may include consideration of the issuer's
experience and managerial strength, changing financial condition, borrowing
requirements or debt maturity schedules, and its responsiveness to changes in
business conditions and interest rates. It also considers relative values based
on anticipated cash flow, interest or dividend coverage, asset coverage and
earnings prospects.

CSAM bases its investment decisions in high yield securities on the results
of issuer and security-specific credit analysis. CSAM evaluates each issuer's
rating, cash flow, financial structure and business risk. CSAM takes into
account, among other things, the issuer's financial resources, its sensitivity
to economic conditions and trends, its operating history, the quality of the
issuer's management and regulatory matters. CSAM evaluates the covenants of each
security and pursues a strategy of broad issuer and industry diversification.

U.S. GOVERNMENT FIXED-INCOME SECURITIES. The Fund may invest in U.S.
government securities and may engage in options, futures contracts and
repurchase transactions with respect to such securities. U.S. government
securities refers to debt securities issued or guaranteed by the U.S.
government, by various of

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its agencies, or by various instrumentalities established or sponsored by the
U.S. government. These securities may or may not be supported by the full faith
and credit of the United States.

Depending on market conditions, the Global Income Fund may invest a
substantial portion of its assets in mortgage-backed securities. Mortgage-backed
securities are collateralized by mortgages or interests in mortgages and may be
issued by government or non-government entities. Mortgage-backed securities
issued by government entities typically provide a monthly payment consisting of
interest and principal payments, and additional payments will be made out of
unscheduled payments of principal. Non-government issued mortgage-backed
securities may offer higher yields than those issued by government entities, but
may be subject to greater price fluctuations.

Mortgage securities that are government securities include the securities of
GNMA, Federal Home Loan Mortgage Corporation ("FHLMC"), and Federal National
Mortgage Association ("FNMA"). Each of these agencies issue mortgage
pass-through securities. Pass-through securities are bonds backed by pools of
mortgages. These securities include mortgage pass-through Certificates,
collateralized mortgage obligations, including real estate investment conduits
as authorized under the Internal Revenue Code of 1986, as amended ("CMO's"), and
mortgage-backed bonds. Mortgage-related securities may also be issued by
financial institutions such as commercial banks, savings and loan associations,
mortgage bankers and securities broker-dealers (or separate trusts or affiliates
of such institutions established to issue the securities), with the underlying
securities being U.S. Government securities or non-U.S. government issued
securities. Mortgage-related securities issued by financial institutions (or
separate trusts or affiliates of such institutions), even where backed by U.S.
Government securities, are not considered U.S. Government securities and have a
different set of risks and features.

Interests in pools of mortgage-related securities differ from other forms of
debt securities, which normally provide for periodic payment of interest in
fixed amounts and principal payments at maturity or specified call dates.
Instead, mortgage-related securities provide a "pass-through" of monthly
payments of interest and principal made by the borrowers on their residential
mortgage loans, net of any fees paid to the issuer or guarantor of such
securities. Additional payments are caused by repayments of principal resulting
from the sale of the underlying residential property, refinancing or
foreclosure, net of fees or costs which may be incurred. Some mortgage-related
securities (such as securities issued by GNMA) are described as "modified
pass-through." These securities entitle the holder to receive timely payment of
all interest and principal payments owed on the mortgages in the pool, net of
certain fees, regardless of whether or not the mortgagors actually make the
payments.

A CMO series is made up of a group of bonds that together are fully
collateralized directly or indirectly by a pool of mortgages on which the
payments of principal and interest are dedicated to payment of principal and
interest on the bonds in the series. Each class of bonds in the series may have
a different maturity than the other classes of bonds in the series, bear a
different coupon and have a different priority in receiving payments. The
different maturities come from the fact that all principal payments, both
regular principal payments as well as any prepayment of principal, are passed
through first to the holders of the class with the shortest maturity until it is
completely retired. Thereafter, principal payments are passed through to the
next class of bonds in the series, until all the classes have been paid off. As
a result, an acceleration in the rate of prepayments that may be associated with
declining interest rates shortens the expected life of each class, with the
greatest impact on those classes with the shortest maturities. Similarly, should
the rate of prepayments slow down, as may happen in times of rising interest
rates, the expected life of each class lengthens, again with the greatest impact
on those classes with the shortest maturities. In the case of some CMO series,
each class may receive a differing proportion of the monthly interest and
principal repayments on the underlying collateral. In these series, the classes
having proportionally greater interests in principal repayments generally would
be more affected by an acceleration (or slowing) in the rate of prepayments.
Mortgage-backed bonds are general obligations of the issuer fully collateralized
directly or indirectly by a pool of mortgages. The mortgages serve as collateral
for the issuer's payment obligations on the bonds, but interest and principal
payments on the mortgages are not passed through

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either directly (as with mortgage pass-through certificates) or on a modified
basis (as with CMO's). Accordingly, a change in the rate of prepayments on the
pool of mortgages could change the effective maturity of a CMO but not that of a
mortgage-backed bond (although, like many bonds, mortgage-backed bonds can
provide that they are callable by the issuer prior to maturity).

To the extent that the Global Income Fund invests in the mortgage market,
CSAM evaluates relevant economic, environmental and security-specific
variables such as housing starts, coupon and age trends.

FOREIGN FIXED-INCOME SECURITIES. The Global Income Fund invests in debt
obligations and other fixed income securities denominated in non-U.S. currencies
or composite currencies including:

- debt obligations issued or guaranteed by foreign national, provincial,
state, municipal or other governments with taxing authority or by their
agencies or instrumentalities

- debt obligations of supranational entities

- debt obligations of the U.S. government issued in non-dollar securities

- dollar and non-dollar denominated debt obligations and other fixed-income
securities of foreign and U.S. corporate issuers

The Fund may invest up to 35% of its net assets in the securities of issuers
located in the emerging markets.

In making these investments CSAM considers the relative growth and inflation
rates of different countries. CSAM considers expected changes in foreign
currency exchange rates, including the prospects for central bank intervention,
in determining the anticipated returns of securities denominated in foreign
currencies. CSAM further evaluates, among other things, foreign yield curves and
regulatory and political factors, including the fiscal and monetary policies of
such countries.

In the past, during periods of falling U.S. exchange rates, yields available
from securities denominated in foreign currencies have often been higher, in
U.S. dollar terms, than those of securities denominated in U.S. dollars. CSAM
considers expected changes in foreign currency exchange rates in determining the
anticipated returns of securities denominated in foreign currencies. The
obligations of foreign governmental entities, including supranational issuers,
have various kinds of government support. Obligations of foreign governmental
entities include obligations issued or guaranteed by national, provincial, state
or other governments with taxing power or by their agencies. These obligations
may or may not be supported by the full faith and credit of a foreign
government.

OTHER INVESTMENT TECHNIQUES

To enhance return as market opportunities arise, the Global Income Fund may
use the following investment techniques.

REPURCHASE AGREEMENTS. The Global Income Fund may invest in repurchase
agreements collateralized by U.S. government securities, certificates of deposit
and certain bankers' acceptances for the purpose of realizing additional income.
Repurchase agreements are transactions by which the Global Income Fund purchases
a security and simultaneously commits to resell that security to the seller (a
bank or securities dealer) at an agreed upon price on an agreed upon date
(usually within seven days of purchase). The resale price reflects the purchase
price plus an agreed-upon market rate of interest that is unrelated to the
coupon rate or date of maturity of the purchased security. Use of repurchase
agreements can permit the Global Income Fund to keep its assets at work while
retaining short-term flexibility in pursuit of

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<PAGE>

investments of a longer-term nature. CSAM will continually monitor the value of
the underlying securities to ensure that their value always equals or exceeds
the repurchase price.

SECURITIES LENDING. The Global Income Fund may lend its portfolio
securities to banks, brokers, dealers and other financial institutions who may
need to borrow securities in order to complete certain transactions, such as
covering short sales, avoiding failures to deliver securities or completing
arbitrage operations. By lending its portfolio securities, the Global Income
Fund attempts to increase its income through the receipt of interest on the
loan. Any gain or loss in the market price of the securities lent that might
occur during the term of the loan would be for the account of the Global Income
Fund.

The Global Income Fund may lend its portfolio securities so long as the
terms and the structure of such loans are not inconsistent with the 1940 Act or
the rules and regulations or interpretations of the Securities and Exchange
Commission. The Global Income Fund will not lend portfolio securities if, as a
result, the aggregate of such loans exceeds 33-1/3% of the value of the its
total assets. Loan arrangements made by the Global Income Fund will comply with
all other applicable regulatory requirements, including, if applicable, those of
the rules of the NYSE.

CSAM will consider all relevant facts and circumstances, including the
creditworthiness of the borrower, in making decisions about the lending of
securities, subject to review by the board. The creditworthiness of such bank,
broker, dealer or other financial institution will be monitored by CSAM during
the time any securities are loaned. Voting rights, if any, may pass with the
loaned securities. If a material event were to occur affecting an investment on
loan, however, the loan must be called and the securities voted by the Global
Income Fund.

SHORT SALES. The Global Income Fund may engage in short sales (the sale of
a security that it does not own), but only when it owns an equal amount of such
securities or securities convertible into or exchangeable, without payment of
further consideration, for securities of the same issue as, and equal in amount
to, the securities sold short ("short sales against the box"), and only if not
more than 5% of the Global Income Fund's net assets is held as collateral for
such sales at any one time.

OPTIONS ON U.S. GOVERNMENT SECURITIES. The Global Income Fund may seek to
increase its current income by writing covered call or put options with respect
to some or all of the U.S. government securities held in its portfolio. In
addition, the Global Income Fund may at times, through the writing and purchase
of options on U.S. government securities, seek to reduce fluctuations in net
asset value by hedging against a decline in the value of its U.S. government
securities or an increase in the price of securities which the Global Income
Fund plans to purchase.

Significant option writing opportunities generally exist only with respect
to longer term U.S. government securities. The Global Income Fund may only write
covered options, which means that, so long as the Global Income Fund is
obligated as the writer of a call option, it will own the underlying securities
subject to the option (or comparable securities satisfying the cover
requirements of securities exchanges). In the case of put options, the Global
Income Fund will maintain short term U.S. government securities with a value
equal to or greater than the exercise price of the underlying securities. The
Global Income Fund may also write combinations of covered puts and calls on the
same security.

The Global Income Fund receives a premium from writing a put or call option,
which increases return on the underlying security in the event the option
expires unexercised or is closed out at a profit. The amount of premium
reflects, among other things, the relationship of the market price of the
underlying security to the exercise price of the option and the remaining term
of the option. The Global Income Fund may terminate an option that it has
written prior to its expiration by entering into a closing purchase transaction
in which it purchases an option having the same terms as the option written. The
Global Income Fund realizes a profit or loss from a transaction if the cost of
the transaction is less or more than the premium received from writing the
option. Because increases in the market price of a call option generally reflect
increases in the market price of the underlying security, any loss resulting
from the

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<PAGE>

repurchase of a call option may be offset in whole or in part by unrealized
appreciation of the underlying security.

The Global Income Fund may purchase put options on U.S. government
securities to protect its portfolio holdings in an underlying security against a
substantial decline in market value. Such hedge protection is provided during
the life of the put option since the Global Income Fund, as holder of the put
option, is able to sell the underlying security at the put exercise price
regardless of any decline in the underlying security's market price. In order
for a put option to be profitable, the market price of the underlying security
must decline sufficiently below the exercise price to cover the premium and
transaction costs.

The Global Income Fund may purchase call options on U.S. government
securities to hedge against an increase in prices of securities that the Global
Income Fund ultimately wants to buy. Such hedge protection is provided during
the life of the call option since the Global Income Fund, as holder of the
option, is able to buy the underlying security at the exercise price regardless
of any increase in such security's market price. In order for a call option to
be profitable, the market price of the underlying security must rise
sufficiently above the exercise price to cover the premium and transaction
costs.

The Global Income Fund will not purchase put and call options if as a result
more than 5% of the value of its total assets would at the time be invested in
such options.

INTEREST RATE FUTURES AND RELATED OPTIONS. The Global Income Fund may enter
into interest rate futures contracts to purchase or sell U.S. government
securities or other interest rate-sensitive instruments and options thereon that
are traded on U.S. futures exchanges. When the Global Income Fund attempts to
hedge its portfolio by selling an interest rate futures contract, purchasing a
put option thereon, or writing a call option thereon, it will own an amount of
U.S. government securities corresponding to the open futures or option position
thereby ensuring that the position is unleveraged. The Global Income Fund only
intends to engage in futures contracts or options for bona fide hedging
purposes. In accordance with the current rules of the Commodity Futures Trading
Commission, the Global Income Fund will not enter into any interest rate futures
contract or option thereon if, immediately thereafter, the aggregate initial
margin and premiums paid for all existing futures contracts and options thereon
not entered into for bona fide hedging purposes would exceed 5% of its total
assets. Positions in interest futures contracts may be closed out only on the
exchange where the contract was made (or on a linked exchange). The Global
Income Fund intends to purchase or sell interest rate futures contracts only on
exchanges or boards of trade where there appears to be an active market for such
contracts.

Interest rate futures contracts are contracts that obligate the buyer to
take and the seller to make delivery at a future date of a specified quantity of
the underlying financial instrument. However, some interest rate futures
contracts provide for settlement in cash rather than by delivery of the
securities underlying the contract. Each futures contract is traded on a
commodity exchange that has been designated a "contract market" by the
Commodities Futures Trading Commission. Interest rate futures contracts are
currently available on several types of fixed income securities, including U.S.
Treasury Bonds, U.S. Treasury Notes and GNMA securities on The Chicago Board of
Trade, and on U.S. Treasury Bills on the International Monetary Market Division
of The Chicago Mercantile Exchange.

A call option for a futures contract gives the purchaser, in return for a
premium paid, has the right to buy the futures contract underlying the option at
a specified exercise price at any time during the term of the option. The writer
of the call option, who receives the premium, has the obligation, upon exercise
of the option, to deliver the underlying futures contract against payment of the
exercise price. A put option for a futures contract gives the purchaser, in
return for a premium, the right to sell the underlying futures contract at a
specified price during the term of the option. The writer of the put, who
receives the premium, has the obligation to buy the underlying futures contract
upon demand at the exercise price.

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<PAGE>

In contrast to the purchase or sale of a security, the full purchase price
of the futures contract is not paid or received by the Global Income Fund upon
its purchase or sale. Instead, the Global Income Fund will deposit in a
segregated custodial account as initial margin an amount of cash or U.S.
Treasury bills equal to approximately 5% of the value of the contract. This
amount is known as initial margin. The nature of initial margin in futures
transactions is different from that of margin in security transactions in that
futures contract margin does not involve the borrowing of funds by the customer
to finance the transactions. Rather, the initial margin is in the nature of a
performance bond or good faith deposit on the contract which is returned to the
Global Income Fund upon termination of the futures contract assuming all
contractual obligations have been satisfied. Subsequent payments to and from the
broker, called variation margin, will be made on a daily basis as the price of
the underlying security fluctuates, making the long and short positions in the
futures contract more or less valuable, a process known as "mark to the market."
For example, when the Global Income Fund has purchased an interest rate futures
contract and the price of the underlying security has risen, that position will
have increased in value and the Global Income Fund will receive from the broker
a variation margin payment equal to that increase in value. Conversely, where
the Global Income Fund has purchased an interest rate futures contract and the
price of the underlying security has declined, the position would be less
valuable and the Global Income Fund would be required to make a variation margin
payment to the broker. At any time prior to expiration of the futures contract,
the Global Income Fund may elect to terminate the position by taking an opposite
position. A final determination of variation margin is then made, additional
cash is required to be paid by or released to the Global Income Fund, and the
Global Income Fund realizes a loss or gain. No assurance can be given that the
Global Income Fund will be able to take an opposite position.

The purpose of selling an interest rate futures contract is to protect a
portfolio from fluctuations in asset value resulting from interest rate changes.
Selling a futures contract has an effect similar to selling portfolio
securities. If interest rates were to increase, the value of the securities in
the portfolio would decline, but the value of the Global Income Fund's futures
contracts would increase, thereby keeping the net asset value of the Global
Income Fund from declining as much as it otherwise might have. In this way,
selling futures contracts acts as a hedge against the effects of rising interest
rates. However, a decline in interest rates resulting in an increase in the
value of portfolio securities tends to be offset by a decrease in the value of
the corresponding futures contracts.

Similarly, when interest rates are expected to decline, futures contracts
may be purchased to hedge against anticipated subsequent purchases of portfolio
securities at higher prices. By buying futures, the Global Income Fund could
effectively hedge against an increase in the price of the securities it intends
to purchase at a later date in order to permit the purchase to be effected in an
orderly manner. At that time, the futures contracts could be liquidated at a
profit if rates had in fact declined as expected, and the Global Income Fund's
cash position could be used to purchase securities.

Although most interest rate futures contracts call for making or taking
delivery of the underlying securities, these obligations are typically canceled
or closed out before the scheduled settlement date. The closing is accomplished
by purchasing (or selling) an identical futures contract to offset a short (or
long) position. Such an offsetting transaction cancels the contractual
obligations established by the original futures transaction. If the price of an
offsetting futures transaction varies from the price of the original futures
transaction, the Global Income Fund will realize a gain or loss corresponding to
the difference. That gain or loss will tend to offset the unrealized loss or
gain on the hedged securities transaction, but may not always or completely do
so.

The selection of futures and options strategies requires skills different
from those needed to select portfolio securities; however, CSAM does have
experience in the use of futures and options.

RESTRICTED AND ILLIQUID SECURITIES. The Global Income Fund may invest up to
10% of its total assets in securities that are not readily marketable. These
include securities which are not registered under the Securities Act and not
publicly traded. Restricted and illiquid securities are purchased in placements
from

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<PAGE>

the issuer or in the secondary market. The purchase of these securities will
depend on their relative attractiveness as compared to securities that have been
publicly offered.

Restricted and illiquid securities have frequently resulted in higher yields
and restrictive covenants providing greater protection for the purchaser, such
as longer call or refunding protection, than typically would be available with
publicly offered securities of the same type. An issuer is often willing to
create more attractive features in its securities issued privately, because it
has avoided the expense and delay involved in a public offering of its
securities. For various reasons, an issuer may prefer or be required as a
practical matter to obtain private financing. At certain times adverse
conditions in the public securities markets may preclude a public offering of an
issuer's securities.

These securities can only be resold to certain categories of purchasers,
including qualified institutional buyers, and are usually considered less liquid
than publicly-traded securities, which means that the Global Income Fund may
take longer to liquidate them than would be the case for publicly-traded
securities.

FOREIGN CURRENCY EXCHANGE TRANSACTIONS. The Global Income Fund may engage
in foreign currency exchange transactions to protect against changes in future
exchange rates. The Global Income Fund will only engage in foreign currency
exchange transactions for transaction hedging (in connection with the purchase
or sale of portfolio securities) or position hedging (to protect the value of a
specific portfolio position), although there is no limit on the percentage of
its total assets that may be invested in forward foreign currency transactions.
The Global Income Fund may engage in U.S. dollar-denominated or non-U.S. dollar
denominated hedging. The Global Income Fund's ability to engage in hedging and
related option transactions may be limited by tax considerations. See "Taxation"
below.

The Global Income Fund may engage in "transaction hedging" to protect
against a change in the foreign currency exchange rate between the date on which
it contracts to purchase or sell the security and the settlement date, or to
"lock in" the U.S. dollar equivalent of a dividend or interest payment in a
foreign currency. For that purpose, the Global Income Fund may purchase or sell
a foreign currency on a spot (or cash) basis at the prevailing spot rate in
connection with the settlement of transactions in portfolio securities
denominated in that foreign currency. The Global Income Fund may also enter into
forward currency exchange contracts and purchase exchange-listed and
over-the-counter call and put options on foreign currency futures contracts and
on foreign currencies. A foreign currency forward contract is a negotiated
agreement to exchange currency at a future time at a rate or rates that may be
higher or lower than the spot rate. Foreign currency futures contracts are
standardized exchange-traded contracts and have margin requirements.

For transaction hedging purposes, the Global Income Fund may also purchase
exchange-listed and over-the-counter call and put options on foreign currency
futures contracts and on foreign currencies. A put option on a futures contract
gives the Global Income Fund the right to assume a short position in the futures
contract until expiration of the option. A put option on currency gives the
Global Income Fund the right to sell a currency at an exercise price until the
expiration of the option. A call option on a futures contract gives the Global
Income Fund the right to assume a long position in the futures contract until
the expiration of the option. A call option on currency gives the Global Income
Fund the right to purchase a currency at the exercise price until the expiration
of the option.

The Global Income Fund may engage in "position hedging" to protect against
the decline in the value relative the U.S. dollar of the currencies in which its
portfolio securities are denominated or quoted (or an increase in the value of
currency for securities which the portfolio intends to buy, when it holds cash
reserves and short term investments). For position hedging purposes, the Global
Income Fund may purchase or sell foreign currency futures contracts and foreign
currency forward contracts, and may purchase put or call options on foreign
currency futures contracts and on foreign currencies on exchanges or
over-the-counter markets. In connection with position hedging, the Global Income
Fund may also purchase or sell foreign currency on a spot basis.

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<PAGE>

It is impossible to forecast with precision the market value of portfolio
securities at the expiration or maturity of a forward or futures contract. The
precise matching of the amounts of foreign currency exchange transactions and
the value of the portfolio securities involved will not generally be possible
since the future value of such securities in foreign currencies will change as a
consequence of market movements in the value of those securities between the
dates the currency exchange transactions are entered into and the dates they
mature or expire. Accordingly, it may be necessary for the Global Income Fund to
purchase additional foreign currency on the spot market (and bear the expense of
such purchase) if the market value of the security or securities being hedged is
less than the amount of foreign currency the Global Income Fund is obligated to
deliver and if a decision is made to sell the security or securities and make
delivery of the foreign currency. Conversely, it may be necessary to sell on the
spot market some of the foreign currency received upon the sale of the portfolio
security or securities if the market value of such security or securities
exceeds the amount of foreign currency the Global Income Fund is obligated to
deliver.

Hedging transactions involves costs and may result in losses. The Global
Income Fund may write covered call options on foreign currencies to offset some
of the costs of hedging those currencies. They simply establish a rate of
exchange that one can achieve at some future point in time. The Global Income
Fund engages in over-the-counter transactions only when appropriate
exchange-traded transactions are unavailable and when, in the opinion of CSAM,
the pricing mechanism and liquidity are satisfactory and the participants are
responsible parties likely to meet their contractual obligations.

Positions in foreign currency futures contracts may be closed out only on an
exchange or board of trade that provides a secondary market in such contracts.
The Global Income Fund intends to purchase or sell foreign currency futures
contracts only on exchanges or boards of trade where there appears to be an
active secondary market.

The Global Income Fund may enter into forward foreign currency exchange
contracts (an obligation to purchase or sell a specific currency at a future
date) solely for hedging or other appropriate risk management purposes as
defined in regulations of the Commodities Futures Trading Commission. A forward
foreign currency exchange contract involves an obligation to purchase or sell a
specific currency at a future date, which may be any fixed number of days from
the date of the contract as agreed by the parties, at a price set at the time of
the contract. In the case of a cancelable forward contract, the holder has the
unilateral right to cancel the contract at maturity by paying a specific fee.
The contracts are traded in the interbank market conducted directly between
currency traders (usually large commercial banks) and their customers. A forward
contract generally has no deposit requirement, and no commissions are charged at
any stage for trades. A foreign currency futures contract is a standardized
contract for the future delivery of a specified amount of a foreign currency at
a future date at a price set at the time of the contract. Foreign currency
futures contracts traded in the United States are designed by and traded on
exchanges regulated by the CFTC, such as the New York Mercantile Exchange.

Forward foreign currency exchange contracts differ from foreign currency
futures contracts in certain respects. For example, the maturity date of a
forward contract may be any fixed number of days from the date of the contract
agreed upon by the parties, rather than a predetermined date in any given month.
Forward contracts may be in any amounts agreed upon by the parties rather than
predetermined amounts. Also, forward foreign exchange contracts are traded
directly between currency traders so that no intermediary is required. A forward
contract generally requires no margin or other deposit.

At the maturity of a forward or futures contract, the Global Income Fund may
either accept or make delivery of the currency specified in the contract, or at
or prior to maturity enter into a closing transaction involving the purchase or
sale of an offsetting contract. Closing transactions with respect to forward
contracts are usually effected with the currency trader who is a party to the
original forward contract. Closing transactions with respect to futures
contracts are effected on a commodities exchange: a clearing corporation
associated with the exchange assumes responsibility for closing out such
contracts.

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<PAGE>

The Global Income Fund may also write or purchase options on foreign
currencies. Options on foreign currencies operate similarly to options on
securities, and are traded primarily in the over-the-counter market, although
options on foreign currencies have recently been listed on several exchanges.
Such options are purchased or written only when CSAM believes that a liquid
secondary market exists for such options. There can be no assurance that a
liquid secondary market will exist for a particular option at any specific time.
Options on foreign currencies are affected by all of those factors which
influence foreign exchange rates and investments generally. If the Global Income
Fund sells call options on foreign currencies, it may cover by holding that
currency or by holding a separate call option on the currency with a strike
price no higher than that of the call option sold.

The value of a foreign currency option is dependent upon the value of the
foreign currency and the U.S. dollar, and may have no relationship to the
investment merits of a foreign security. Because foreign currency transactions
occurring in the interbank market involve substantially larger amounts than
those that may be involved in the use of foreign currency options, investors may
be disadvantaged by having to deal in an odd lot market (generally consisting of
transactions of less than $1 million) for the underlying foreign currencies at
prices that are less favorable than for round lots.

There is no systematic reporting of last sale information for foreign
currencies and there is no regulatory requirement that quotations available
through dealers or other market sources be firm or revised on a timely basis.
Available quotation information is generally representative of very large
transactions in the interbank market and thus may not reflect relatively smaller
transactions (less than $1 million) where rates may be less favorable. The
interbank market in foreign currencies is a global, around-the-clock market. To
the extent that the U.S. options markets are closed while the markets for the
underlying currencies remain open, significant price and rate movements may take
place in the underlying markets that cannot be reflected in the options markets.

INVESTMENT RESTRICTIONS

The Global Income Fund is subject to the following restrictions that may not
be changed without the approval of at least a majority of its outstanding voting
securities, as defined in the Investment Company Act. The Investment Company Act
defines a "majority" as the lesser of (1) 67% of the shares represented at a
meeting of which more than 50% of the outstanding shares are present in person
or represented by proxy, or (2) more than 50% of the outstanding shares.

The Global Income Fund will not:

(1) invest more than 5% of the value of its total assets in the securities
of any one issuer, excluding obligations of the U.S. government or any agency or
instrumentality thereof and except that up to 25% of the value of its total
assets may be invested without regard to this limitation;

(2) own more than 10% of the outstanding voting stock or other securities
(other than securities of the U.S. government or any agency or instrumentality
thereof), or both, of any one issuer;

(3) purchase shares of other investment companies except as part of a plan
of reorganization, merger, consolidation or an offer of exchange;

(4) borrow money except as a temporary measure for extraordinary or
emergency purposes, and in no event in excess of 15% of the value of its total
assets, except that for the purpose of this restriction, short-term credits
necessary for settlement of securities transactions are not considered
borrowings (the Global Income Fund will not purchase any securities at any time
while such borrowings exceed 5% of total assets);

(5) purchase securities on margin, except that it may make margin payments
in connection with transactions in future contracts and related options;

10
<PAGE>

(6) sell securities short unless at all times when a short position is open
it owns an equal amount of such securities or securities convertible into or
exchangeable, for, without payment of any further consideration, securities of
the same issue as, and equal in amount to, the securities sold short, and unless
not more than 5% of the value of the Global Income Fund's total assets are held
as collateral for such sales at any one time;

(7) purchase or sell commodities or commodity contracts, except that it may
write, purchase or sell financial futures contracts and related options, and
futures, forward contracts and options on foreign currencies;

(8) invest for the purpose of exercising control over management of any
company;

(9) make loans, except (i) by purchasing bonds, debentures or similar
obligations (including repurchase agreements, subject to the limitation
described in (11) below), which are either publicly distributed or customarily
purchased by institutional investors, and (ii) by lending its securities to
banks, brokers, dealers and other financial institutions so long as such loans
are not inconsistent with the 1940 Act or the rules and regulations or
interpretations of the Securities and Exchange Commission thereunder;

(10) underwrite the securities of other issuers, except to the extent that
in connection with the disposition of portfolio securities the Global Income
Fund may be deemed to be an underwriter;

(11) invest more than 10% of the value of its total assets in securities
subject to legal or contractual restrictions on resale or in securities which
are not readily marketable, including repurchase agreements having maturities of
more than 7 days and restricted and illiquid securities;

(12) purchase real estate, although the Global Income Fund may purchase or
sell securities of companies which deal in real estate or interests therein;

(13) pledge, hypothecate, mortgage or otherwise encumber its assets in
excess of 20% of the value of its total assets and then only to secure
borrowings permitted by restriction 4 above;

(14) invest directly in interests in oil, gas or other mineral exploration
development programs;

(15) invest 25% or more of the value of its total assets in any one
industry, except that (i) for purposes of this restriction securities of the
U.S. government, its agencies or instrumentalities are not considered to
represent industries, and (ii) the Global Income Fund may invest 25% or more of
the value of its total assets in securities issued by or backed by the credit of
supranational entities and securities of foreign governments, their agencies or
instrumentalities, provided that it will not invest 25% or more of the value of
its total assets in securities issued or backed by the credit of the national
government of any single country or its agencies or instrumentalities or of any
single supranational entity. The deposit of initial and variation margin and
collateral arrangements in connection with interest rate futures contracts and
related options shall not be deemed to be in violation of any of the foregoing
investment restrictions; or

(16) issue senior securities, except as permitted under the 1940 Act.

If a percentage restriction on investment or use of assets set forth above
is adhered to at the time a transaction is effected, later changes in
percentages resulting from changing values will not be considered a violation.

Under the Investment Company Act, the Global Income Fund may neither invest
more than 5% of its total assets in the securities of any one investment
company, nor acquire more than 3% of the outstanding voting securities of any
such investment company. In addition, the Global Income Fund may not invest more
than 10% of its total assets in securities issued by all investment companies.
As a shareholder in any investment company, the Global Income Fund will bear its
ratable share of that investment company's expenses, and would remain subject to
payment of the advisory, sub-advisory and administrative fees with respect to
assets so invested.

11
<PAGE>

MANAGEMENT

DIRECTORS AND OFFICERS

The names of the directors and principal officers of the Global Income Fund
are set forth below, together with their positions and their principal
occupations during the past five years.

The officers manage day to day operations. The officers are directly
responsible to the board of directors. The directors set broad policies and
choose the officers.

<TABLE>
<CAPTION>
NAME, ADDRESS AND AGE POSITION WITH THE FUND PRINCIPAL OCCUPATIONS FOR THE PAST FIVE YEARS
- --------------------------------- ---------------------- ------------------------------------------------
<S> <C> <C>
William W. Priest (57)* ......... Director and Chairman Chairman-Management Committee, Chief Executive
Credit Suisse Asset Management of the Board since Officer and Managing Director of CSAM (U.S.)
153 East 53rd Street 1997 (12/90-present); Director of TIG Holdings, Inc.;
New York, NY 10022 Director of other CSAM-advised investment
companies.

Dr. Enrique R. Arzac (57) ....... Director since 1990 Professor of Finance and Economics, Graduate
Columbia University School of Business, Columbia University
Graduate School of Business (1971-present); Director of The Adams Express
New York, NY 10027 Fund and Petroleum and Resources Corporation.
Director of other CSAM-advised investment
companies.

Lawrence J. Fox (56) ............ Director since 1990 Partner of Drinker Biddle & Reath LLP ("DB&R")
1 Logan Square (since 1976); Former Managing Partner of DB&R
18th and Cherry Streets (1990-1998); Visiting Professor of Cornell Law
Philadelphia, PA 19103 School since July, 1999; Director of one other
CSAM-advised investment company.

James S. Pasman, Jr. (68) ....... Director since 1988 Currently retired; President and Chief Operating
29 The Trillium Officer of National InterGroup, Inc.
Pittsburgh, PA 15238 (4/89-3/91); Chairman of Permian Oil Co.
(4/89-3/91); Director of Education Management
Corp., Tyco International Ltd.; Trustee, BT
Insurance Funds Trust; Director of other CSAM-
advised investment companies.

Richard J. Lindquist (38) ....... President since 1997 Managing Director of CSAM (4/95-present);
Credit Suisse Asset Management and Chief Investment Managing Director of CS First Boston Investment
153 East 53rd Street Officer since 1996 Management Corporation ("CSFBIM") (3/93-3/95);
New York, NY 10022 Director of CSFBIM (4/92-2/93).

Hal Liebes, Esq. (34) ........... Senior Vice President Director and General Counsel of CSAM
Credit Suisse Asset Management since 1997 (1/99-present); Senior Vice President and
153 East 53rd Street General Counsel of CSAM (3/97-1/99) Vice
New York, NY 10022 President and Legal Counsel of Lehman
Brothers, Inc. (6/96-3/97) Vice President
and Legal Counsel of CSAM 6/95-6/96); Chief
(Compliance Officer, CS First Boston Investment
Management (94-95); Staff Attorney, Division of
Enforcement, U.S. Securities and Exchange
Commission (91-94); Associate, Morgan, Lewis &
Bockius (89-91).
</TABLE>

12
<PAGE>

<TABLE>
<CAPTION>
NAME, ADDRESS AND AGE POSITION WITH THE FUND PRINCIPAL OCCUPATIONS FOR THE PAST FIVE YEARS
- --------------------------------- ---------------------- ------------------------------------------------
<S> <C> <C>
Gregg Diliberto (42) ............ Investment Officer Managing Director of CSAM (5/95-present); Senior
Credit Suisse Asset Management since 1997 Vice President of CSAM (1/92-5/95).
153 East 53rd Street
New York, NY 10022

Suzanne Moran (32) .............. Investment Officer Vice President of CSAM (1/97-present); Assistant
Credit Suisse Asset Management since 1996 Vice President and Fixed Income Trader of CSAM
153 East 53rd Street (5/95-12/96); Assistant Vice President and
New York, NY 10022 Portfolio Analyst at CS First Boston
(8/91-4/95).

Michael A. Pignataro (39) ....... Vice President and Vice President of CSAM (12/95-present);
Credit Suisse Asset Management Chief Financial Assistant Vice President and Chief
153 East 53rd Street Officer since 1999 and Administrative Officer for investment companies
New York, NY 10022 Secretary since 1997 advised by CSAM (9/89-12/95).

Robert Rizza (33) ............... Vice President and Administrative Officer for investment companies
Credit Suisse Asset Management Treasurer since 1999 advised by CSAM (3/98-present); Assistant
153 East 53rd Street Treasurer, Fund Administration, Bankers Trust
New York, NY 10022 Co. (4/94-3/98).
</TABLE>

- ------------------------

* Mr. Priest is an interested person of the Global Income Fund by virtue of
his position as an officer of CSAM.

The Global Income Fund pays each of its directors who is not a director,
officer or employee of CSAM or any affiliate thereof an annual fee of $10,000
plus $500 for each meeting attended. In addition, the Global Income Fund
reimburses those directors for travel and out-of-pocket expenses incurred in
connection with meetings. The aggregate remuneration paid to all such
unaffiliated directors by the Global Income Fund during the fiscal year ended
December 31, 1998 was $51,171.

The following table shows certain compensation information for the directors
for the fiscal year ended December 31, 1998. None of the executive officers or
directors who are also officers or directors of CSAM received any compensation
from the Global Income Fund for such period. The Global Income Fund has no
bonus, profit sharing, pension or retirement plans.

<TABLE>
<CAPTION>
TOTAL
PENSION OR ESTIMATED COMPENSATION
AGGREGATE RETIREMENT BENEFITS ANNUAL BENEFITS FROM FUND AND
COMPENSATION ACCRUED AS PART OF UPON FUND COMPLEX
NAME OF DIRECTOR FROM FUND FUND EXPENSES RETIREMENT PAID TO DIRECTORS
- -------------------------------------------- ------------- ----------------------- --------------------- -----------------
<S> <C> <C> <C> <C>
William W. Priest........................... $ 0 $ 0 $ 0 $ 0
Enrique R. Arzac............................ $ 12,000 $ 0 $ 0 $ 92,500
Lawrence J. Fox............................. $ 12,000 $ 0 $ 0 $ 24,000
James S. Pasman, Jr......................... $ 12,000 $ 0 $ 0 $ 24,000
</TABLE>

The Articles of Incorporation and Bylaws of the Global Income Fund provide
that it will indemnify its directors and officers against liabilities and
expenses incurred in connection with litigation in which they may be involved
because of their positions with the Global Income Fund to the fullest extent
permitted by law. In addition, the Articles of Incorporation provide that the
directors and officers will not be liable to the shareholders for money damages,
except in limited instances. However, nothing in the Articles of Incorporation
or the Bylaws protects or indemnifies a director, officer, employee or agent
against any

13
<PAGE>

liability to which such person would otherwise be subject by reason of willful
misfeasance, bad faith, gross negligence or reckless disregard of the duties
involved in the conduct of such person's office.

ADVISORY ARRANGEMENTS

CSAM is the investment adviser pursuant to an Advisory Agreement with the
Global Income Fund (the "Advisory Agreement") which became effective on June 13,
1995. Prior to this date, CS First Boston Investment Management provided
investment advisory services to the Global Income Fund under substantially the
same terms, conditions and fees.

The Advisory Agreement provides that CSAM shall not be liable for any error
of judgment or mistake of law or for any loss suffered by the Global Income Fund
in connection with the matters to which the Advisory Agreement relates, except a
loss resulting from a breach of fiduciary duty with respect to the receipt of
compensation for services (in which case any award of damages shall be limited
to the period and the amount set forth in Section 36(b)(3) of the 1940 Act) or a
loss resulting from willful misfeasance, bad faith or gross negligence on the
part of CSAM in the performance of its duties or from reckless disregard of its
obligations and duties under the Advisory Agreement.

For the fiscal years ended December 31, 1998, 1997 and 1996, CSAM was paid
for advisory services rendered to the Global Income Fund $433,203, $446,640, and
$429,140, respectively.

ADMINISTRATIVE ARRANGEMENT

Brown Brothers Harriman & Co. is the Global Income Fund's administrator. The
services provided by Brown Brothers Harriman under its Administration Agreement
with the Global Income Fund are subject to the supervision of the directors and
officers, and include day to day administration of matters related to its
corporate existence, maintenance of its records, preparation of reports and
supervision of arrangements with custodians and the transfer and dividend
disbursing agent.

DURATION AND TERMINATION; NON-EXCLUSIVE SERVICES

The Advisory Agreement became effective on June 13, 1995. Unless earlier
terminated as described below, the Advisory Agreement remains in effect if
approved annually (a) by the board of directors or by the holders of a majority
of the outstanding voting securities (as defined in the Investment Company Act)
and (b) by a majority of the directors who are not parties to the Advisory
Agreement or "interested persons" (as defined in the 1940 Act) of any such
party. The Advisory Agreement terminates on its assignment by any party and may
be terminated without penalty on 60 days' written notice at the option of the
board of directors or by the vote of the majority of the holders of the shares,
or upon 90 days' written notice, by CSAM.

The Administration Agreement is terminable upon 60 days' notice by either
party.

The services of CSAM and Brown Brothers Harriman are not deemed to be
exclusive, and nothing in the relevant service agreements will prevent any of
them or their affiliates from providing similar services to other investment
companies and other clients (whether or not such clients' investment objectives
and policies are similar to those of the Global Income Fund) or from engaging in
other activities.

CUSTODIAN

Brown Brothers Harriman acts as custodian under a Custodian Agreement dated
January 29, 1999.

Foreign securities are held by certain foreign banks and securities
depositories which have been approved by the board of directors upon
recommendation by Brown Brothers Harriman, in accordance with Rule 17f-5 under
the 1940 Act as currently in effect. Approval of a foreign subcustodian is made
by the board following a consideration of a number of factors, including, but
not limited to, the reliability and

14
<PAGE>

financial stability of the institution; the ability of the institution to
perform capably custodial services; the reputation of the institution in its
national market; the political and economic stability of the country or
countries in which the subcustodian will be located; and the risk of potential
nationalization or expropriation of the assets.

PORTFOLIO TRANSACTIONS

Decisions to buy and sell securities are made by CSAM, subject to the
overall review of the board of directors. Portfolio securities transactions are
placed on behalf of the Global Income Fund by persons authorized by CSAM. CSAM
manages other investment companies and accounts that invest in fixed-income
securities. Although investment decisions for the Global Income Fund are made
independently from those of these other accounts, CSAM may make investments of
the type the Global Income Fund makes on behalf of these other accounts. When
the Global Income Fund and one or more other accounts is prepared to invest in,
or desires to dispose of, the same security, CSAM will allocate available
investments or opportunities for each in a manner believed by CSAM to be
equitable to each. In some cases, this procedure may adversely affect the price
paid or received by the Global Income Fund or the size of the position it
obtains or disposes of. The Global Income Fund may utilize CS First Boston
Corporation and other affiliates of Credit Suisse in connection with the
purchase or sale of securities in accordance with rules or exemptive orders
adopted by the Securities and Exchange Commission when CSAM believes that the
charge for the transaction does not exceed usual and customary levels.

Transactions on U.S. and some foreign stock exchanges involve the payment of
negotiated brokerage commissions, which may vary among different brokers. The
cost of securities purchased from underwriters includes an underwriter's
commission or concession, and the prices at which securities are purchased from
and sold to dealers in the over-the-counter markets include a dealer's mark-up
or mark-down, which normally is not disclosed. Fixed-income securities are
generally traded on a "net" basis with dealers acting as principal for their own
accounts without a stated commission, although the price of the security will
likely include a profit to the dealer.

In selecting brokers or dealers to execute portfolio transactions on behalf
of the Global Income Fund, CSAM will seek the best overall terms available. In
addition, unless otherwise directed by the board of directors, the Advisory
Agreement authorizes CSAM, in selecting brokers or dealers to execute a
particular transaction and in evaluating the best overall terms available, to
consider the brokerage and research services (as those terms are defined in
Section 28(e) of the Securities Exchange Act of 1934) and cause the Global
Income Fund to pay a broker-dealer which furnishes such services a higher
commission than that which might be charged by another broker-dealer for
effecting the same transaction, provided that such commission is deemed
reasonable in terms of either that particular transaction or the overall
responsibilities of CSAM to the Global Income Fund. The fees payable under the
Advisory Agreement are not reduced as a result of CSAM's receiving such
brokerage and research services.

Currently, it is the Global Income Fund's policy that CSAM may at times pay
higher commissions than might otherwise be obtainable in recognition of
brokerage services felt necessary for the achievement of best available price
and most favorable execution of certain securities transactions. CSAM will only
pay such higher commissions if it believes this to be in the best interest of
the Global Income Fund. Some brokers or dealers who may receive such higher
commissions in recognition of brokerage services related to execution of
securities transactions are also providers of research information to CSAM
and/or the Global Income Fund. Subject to the primary objective set forth above,
CSAM has informed the Global Income Fund that it may pay higher commission rates
specifically for the purpose of obtaining research services. The Global Income
Fund will not pay to any affiliate of CSAM a higher commission rate specifically
for the purpose of obtaining research services.

The Global Income Fund paid no brokerage commissions in any of
the fiscal years ended December 31, 1998, 1997 and 1996.

15
<PAGE>

TAXATION

The following is a summary of the material United States federal income tax
considerations, regarding the purchase, ownership and disposition of shares. You
are urged to consult your own tax adviser with respect to the specific federal,
state, local and foreign tax consequences of investing in the Global Income
Fund. The summary is based on the laws in effect on the date of this statement
of additional information, which are subject to change.

UNITED STATES FEDERAL INCOME TAXES

THE GLOBAL INCOME FUND AND ITS INVESTMENTS. The Global Income Fund has
qualified and continues to qualify and elect to be treated as a regulated
investment company for each taxable year under the Code. To so qualify, the
Global Income Fund must, among other things:

- derive at least 90% of its gross income in each taxable year from:

- dividends

- interest

- payments with respect to securities loans

- gains from the sale or other disposition of stock or securities or foreign
currencies

- other income (including, but not limited to, gains from options, futures
or forward contracts) derived with respect to its business of investing in
such stock, securities or currencies, and

- diversify its holdings so that, at the end of each quarter of the taxable
year:

- at least 50% of the market value of the assets is represented by cash,
securities of other regulated investment companies, United States
government securities and other securities, with such other securities
limited, in respect of any one issuer, to an amount not greater than 5% of
the Global Income Fund's assets and not greater than 10% of the
outstanding voting securities of such issuer, and

- not more than 25% of the value of its assets is invested in the securities
(other than United States government securities or securities of other
regulated investment companies) of any one issuer or any two or more
issuers that the Global Income Fund controls and are determined to be
engaged in the same or similar trades or businesses or related trades or
businesses.

As a regulated investment company, the Global Income Fund is not
subject to United States federal income tax on its net investment income
(i.e., income other than its net realized long- and short-term capital gains)
and its net realized long- and short-term capital gains, if any, that it
distributes to its shareholders, provided that an amount equal to at least
90% of the sum of its investment company taxable income (i.e., its taxable
income minus the excess, if any, of its net realized long-term capital gains
over its net realized short-term capital losses (including any capital loss
carryovers), plus or minus certain other adjustments as specified in section
852 of the Code) and its net tax-exempt income for the taxable year, if any,
is distributed, but is subject to tax at regular corporate rates on any
taxable income or gains that it does not distribute.

The Code imposes a 4% nondeductible excise tax on the Global Income Fund to
the extent it does not distribute by the end of any calendar year at least 98%
of its net investment income for that year and 98% of the net amount of its
capital gains (both long- and short-term) for the one-year period ending, as a
general rule, on October 31 of that year. For this purpose, however, any income
or gain retained by the Global Income Fund that is subject to corporate income
tax will be considered to have been distributed by year-end. In addition, the
minimum amounts that must be distributed in any year to avoid the excise tax

16
<PAGE>

will be increased or decreased to reflect any underdistribution or
overdistribution, as the case may be, from the previous year. The Global Income
Fund anticipates that it will pay such dividends and will make such
distributions as are necessary in order to avoid the application of this tax.

If, in any taxable year, the Global Income Fund fails to qualify as a
regulated investment company under the Code, the Global Income Fund would be
taxed in the same manner as an ordinary corporation and distributions to you
would not be deductible by the Global Income Fund in computing its taxable
income. In addition, in the event of a failure to qualify, the Global Income
Fund's distributions, to the extent derived from current or accumulated earnings
and profits, would constitute dividends (eligible for the corporate
dividends-received deduction) which are taxable to you as ordinary income, even
though those distributions might otherwise (at least in part) have been treated
as long-term capital gains when received by you. If the Global Income Fund fails
to qualify as a regulated investment company in any year, it must pay out its
earnings and profits accumulated in that year in order to qualify again as a
regulated investment company. In addition, if the Global Income Fund failed to
qualify as a regulated investment company for a period greater than one taxable
year, it may be required to recognize any net built-in gains (the excess of the
aggregate gains, including items of income, over aggregate losses that would
have been realized if it had been liquidated) in order to qualify as a regulated
investment company in a subsequent year.

The Global Income Fund pays dividends of net investment income monthly and
makes distributions at least annually of any net realized long-term and
short-term capital gains in excess of applicable capital losses, including
capital loss carryforwards. The board of directors determines annually whether
to distribute any net realized long-term capital gains in excess of net realized
short-term capital losses (including any capital loss carryovers). The Global
Income Fund currently expects to distribute any excess annually to you. However,
if the Global Income Fund retains for investment an amount equal to all or a
portion of its net realized long-term capital gains in excess of its net
realized short-term capital losses and capital loss carryovers, it will be
subject to a corporate tax (currently at a rate of 35%) on the amount retained.
In that event, the Global Income Fund expects to designate such retained amounts
as undistributed capital gains in a notice to you and you (a) will be required
to include in income for United States federal income tax purposes, as long-term
capital gains, your proportionate share of the undistributed amount, (b) will be
entitled to credit your proportionate share of the 35% tax paid by the Global
Income Fund on the undistributed amount against you United States federal income
tax liabilities, if any, and to claim refunds to the extent your credits exceed
your liabilities, if any, and (c) will be entitled to increase your tax basis,
for United States federal income tax purposes, in your shares by an amount equal
to 65% of the amount of undistributed capital gains included in your income.

Any dividend declared by the Global Income Fund in October, November or
December of any calendar year and payable to shareholders of record on a
specified date in such a month shall be deemed to have been received by each
shareholder on December 31 of such calendar year and to have been paid by the
Global Income Fund not later than such December 31, provided that such dividend
is actually paid by the Global Income Fund during January of the following
calendar year.

DIVIDENDS AND DISTRIBUTIONS. If you are a U.S. shareholder, dividends of
net investment income and distributions of net realized short-term capital gains
are taxable to you as ordinary income, whether paid in cash or in shares.
Distributions of net long-term capital gains, if any, that the Global Income
Fund designates as capital gains dividends are taxable as long-term capital
gains, whether paid in cash or in shares and regardless of how long you have
held shares. Dividends and distributions paid by the Global Income Fund (except
for the portion thereof, if any, attributable to dividends on stock of U.S.
corporations received by the Global Income Fund) will not qualify for the
deduction for dividends received by corporations. Distributions in excess of the
Global Income Fund's current and accumulated earnings and profits will, as to
you, be treated as a tax-free return of capital, to the extent of your basis in
your shares, and as a capital gain thereafter (if you hold your shares as
capital assets).

17
<PAGE>

If you receive dividends or distributions in the form of additional shares
pursuant to the Dividend Reinvestment and Cash Purchase Plan you should be
treated for United States federal income tax purposes as receiving a
distribution in the amount equal to the amount of money that shareholders
receiving cash dividends or distributions will receive, and should have a cost
basis in the shares received equal to such amount.

If you are considering buying shares just prior to a dividend or capital
gain distribution you should be aware that, although the price of shares just
purchased at that time may reflect the amount of the forthcoming distribution,
such dividend or distribution may nevertheless be taxable to you.

If the Global Income Fund is the holder of record of any stock on the record
date for any dividends payable with respect to such stock, such dividends are
included in the Global Income Fund's gross income not as of the date received
but as of the later of (a) the date such stock went ex-dividend (i.e., the date
on which a buyer of the stock would not be entitled to receive the declared, but
unpaid, dividends) or (b) the date the Global Income Fund acquired such stock.
Accordingly, in order to satisfy its income distribution requirements, the
Global Income Fund may be required to pay dividends based on anticipated
earnings, and you may receive dividends in an earlier year than would otherwise
be the case.

SALES OF SHARES. Upon the sale or exchange of your shares, you will realize
a taxable gain or loss equal to the difference between the amount realized and
the basis in your shares. Such gain or loss will be treated as capital gain or
loss, if the shares are capital assets in your hands, and will be long-term
capital gain or loss if the shares are held for more than one year and
short-term capital gain or loss if the shares are held for one year or less. Any
loss realized on a sale or exchange will be disallowed to the extent the shares
disposed of are replaced, including replacement through the reinvesting of
dividends and capital gains distributions in the Global Income Fund under the
Dividend Reinvestment and Cash Purchase Plan, within a 61-day period beginning
30 days before and ending 30 days after the disposition of the shares. In such a
case, the basis of the shares acquired will be increased to reflect the
disallowed loss. Any loss realized by you on the sale of a share held by you for
six months or less will be treated for United States federal income tax purposes
as a long-term capital loss to the extent of any distributions or deemed
distributions of long-term capital gains received by you with respect to such
share.

BACKUP WITHHOLDING. If you fail to provide the Global Income Fund with your
correct taxpayer identification number or to make required certifications, or
have been notified by the Internal Revenue Service that you are subject to
backup withholding, the Global Income Fund may be required to withhold, for
United States federal income tax purposes, 31% of the dividends and
distributions payable. Corporate shareholders and certain other shareholders are
or may be exempt from backup withholding. Backup withholding is not an
additional tax and any amount withheld may be credited against your United
States federal income tax liabilities. If you are a foreign investor additional
tax withholding requirements which apply are discussed below.

FOREIGN SHAREHOLDERS. If you are a foreign investor (such as a nonresident
alien individual, a foreign trust or estate, a foreign corporation or a foreign
partnership) under U.S. laws, taxation depends, in part, on whether your income
from the Global Income Fund is "effectively connected" with a United States
trade or business carried on by you.

If you are not a resident alien and your income from the Global Income Fund
is not effectively connected with a United States trade or business carried on
by the foreign investor, distributions of net investment income and net realized
short-term capital gains will be subject to a 30% (or lower treaty rate) United
States withholding tax. If you are a non-resident alien distributions of net
realized long-term capital gains, amounts retained by the Global Income Fund
which are designated as undistributed capital gains, and gains realized upon the
sale of shares of the Global Income Fund generally will not be subject to United
States tax unless you are physically present in the United States for more than
182 days during the taxable year and, in the case of gain realized upon the sale
of shares, unless (a) such gain is attributable to an office or fixed place of
business in the United States or (b) you have a tax home in the United States

18
<PAGE>

and such gain is not attributable to an office or fixed place of business
located outside the United States. However, a determination by the Global Income
Fund not to distribute long-term capital gains will cause the Global Income Fund
to incur a U.S. federal tax liability with respect to retained long-term capital
gains, thereby reducing the amount of cash held by the Global Income Fund that
is available for investment, and you may not be able to claim a credit or
deduction with respect to such taxes.

In general, if you are a resident alien or if dividends or distributions
from the Global Income Fund are effectively connected with a United States trade
or business carried on by you, then dividends of net investment income,
distributions of net short-term and long-term capital gains, amounts retained by
the Global Income Fund that are designated as undistributed capital gains and
any gains realized upon the sale of shares will be subject to United States
income tax at the rates applicable to United States citizens or domestic
corporations. If you are a corporation, and your income from the Global Income
Fund is effectively connected with a United States trade or business, you may
also be subject to the 30% (or lower treaty rate) branch profits tax. If you are
entitled to claim the benefits of an applicable tax treaty the tax consequences
to you may be different from those described in this section. You may be
required to provide appropriate documentation to establish your entitlement to
the benefits of such a treaty. You are advised to consult your own tax adviser
with respect to (a) whether your income from the Global Income Fund is or is not
effectively connected with a United States trade or business carried on by you,
(b) whether you may claim the benefits of an applicable tax treaty, and (c) any
other tax consequences to you of an investment in the Global Income Fund.

NOTICES. You will be notified annually by the Global Income Fund as to the
United States federal income tax status of the dividends, distributions and
deemed distributions made by the Global Income Fund to you. Furthermore, you
will also receive, if appropriate, various written notices after the close of
the Global Income Fund's taxable year regarding the United States federal income
tax status of certain dividends, distributions and deemed distributions that
were paid (or that are treated as having been paid) by the Global Income Fund to
you during the preceding taxable year.

OTHER TAXATION. Distributions also may be subject to additional state,
local and foreign taxes depending on your particular situation.

FUND INVESTMENTS

MARKET DISCOUNT. If the Global Income Fund purchases a debt security at a
price lower than the stated redemption price of such debt security, the excess
of the stated redemption price over the purchase price is "market discount." If
the amount of market discount is more than a de minimis amount, the Global
Income Fund must include a portion of such market discount as ordinary income
(not capital gain) in each taxable year in which the Global Income Fund owns an
interest in such debt security and receives a principal payment on it. In
particular, the Global Income Fund will be required to allocate that principal
payment first to the portion of the market discount on the debt security that
has accrued but has not previously been includable in income. In general, the
amount of market discount that must be included for each period is equal to the
lesser of (i) the amount of market discount accruing during such period (plus
any accrued market discount for prior periods not previously taken into account)
or (ii) the amount of the principal payment with respect to such period.
Generally, market discount accrues on a daily basis for each day the debt
security is held by the Global Income Fund at a constant rate over the time
remaining to the debt security's maturity or, at the election of the Global
Income Fund, at a constant yield to maturity which takes into account the
semi-annual compounding of interest. Gain realized on the disposition of a
market discount obligation must be recognized as ordinary interest income (not
capital gain) to the extent of the "accrued market discount."

ORIGINAL ISSUE DISCOUNT. Certain debt securities acquired by the Global
Income Fund may be treated as debt securities that were originally issued at a
discount. Generally, original issue discount is defined as the difference
between the price at which a security was issued and its stated redemption price
at maturity.

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Although no cash income is actually received by the Global Income Fund, original
issue discount that accrues on a debt security in a given year generally is
treated for federal income tax purposes as interest and, therefore, such income
would be subject to the distribution requirements applicable to regulated
investment companies. In order to maintain its status as a regulated investment
company, the Global Income Fund could therefore be required to incur debt or to
dispose of portfolio securities to generate cash for distribution. Some debt
securities may be purchased by the Global Income Fund at a discount that exceeds
the original issue discount on such debt securities, if any. This additional
discount represents market discount for federal income tax purposes (see above).

OPTIONS, FUTURES AND FORWARD CONTRACTS. The Global Income Fund's
transactions in options and futures contracts will be subject to special
provisions of the Code that, among other things, may affect the character of
gains and losses realized by the Global Income Fund (i.e., it may affect whether
gains or losses are ordinary or capital), accelerate recognition of income and
defer losses. These rules could therefore affect the character, amount and
timing of distributions to you. These provisions also (a) will require the
Global Income Fund to mark-to-market certain types of the positions in its
portfolio (i.e., treat them as if they were closed out) and (b) may cause the
Global Income Fund to recognize income without receiving cash to pay dividends
or make distributions in amounts necessary to satisfy the distribution
requirements for avoiding income and excise taxes. The Global Income Fund will
monitor its transactions, will make the appropriate tax elections and will make
the appropriate entries in its books and records when it acquires any option,
futures contract or hedged investment in order to mitigate the effect of these
rules and prevent its disqualification as a regulated investment company.

Any regulated futures contracts and certain options (namely, nonequity
options and dealer equity options) in which the Global Income Fund may invest
may be "section 1256 contracts." Gains (or losses) on these contracts generally
are considered to be 60% long-term and 40% short-term capital gains or losses.
Also, section 1256 contracts held by the Global Income Fund at the end of each
taxable year (and on certain other dates prescribed in the Code) are "marked to
market" with the result that unrealized gains or losses are treated as though
they were realized.

Transactions in options, futures and forward contracts undertaken by the
Global Income Fund may result in "straddles" for federal income tax purposes.
The straddle rules may affect the character of gains (or losses) realized from
such transactions, and losses realized by the Global Income Fund on positions
that are part of a straddle may be deferred under the straddle rules, rather
than being taken into account in calculating the taxable income for the taxable
year in which the losses are realized. In addition, certain carrying charges
(including interest expense) associated with positions in a straddle may be
required to be capitalized rather than deducted currently. Certain elections
that the Global Income Fund may make with respect to its straddle positions may
also affect the amount, character and timing of the recognition of gains or
losses from the affected positions.

Because only a few regulations implementing the straddle rules have been
promulgated, the consequences of such transactions to the Global Income Fund are
not entirely clear. The straddle rules may increase the amount of short-term
capital gain realized by the Global Income Fund, which is taxed as ordinary
income when distributed to you. Because application of the straddle rules may
affect the character of gains or losses, defer losses and/or accelerate the
recognition of gains or losses from the affected straddle positions, the amount
which must be distributed to you as ordinary income or long-term capital gain
may be increased or decreased substantially as compared to a fund that did not
engage in such transactions.

CONSTRUCTIVE SALES. Under certain circumstances, the Global Income Fund may
recognize gain from a constructive sale of an "appreciated financial position"
it holds if it enters into a short sale, forward contract or other transaction
that substantially reduces the risk of loss with respect to the appreciated
position. In that event, the Global Income Fund would be treated as if it had
sold and immediately repurchased the property and would be taxed on any gain
(but not loss) from the constructive sale. The character of gain from a
constructive sale would depend upon the Global Income Fund's holding period in

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the property. Loss from a constructive sale would be recognized when the
property was subsequently disposed of, and its character would depend on the
Global Income Fund's holding period and the application of various loss deferral
provisions of the code. Constructive sale treatment does not apply to
transactions closed prior to the end of the 30th day after the close of the
taxable year, if certain conditions are met.

SECTION 988 GAINS OR LOSSES. Gains or losses attributable to fluctuations
in exchange rates which occur between the time the Global Income Fund accrues
income or other receivables or accrues expenses or other liabilities denominated
in a foreign currency and the time the Global Income Fund actually collects such
receivables or pays such liabilities generally are treated as ordinary income or
ordinary loss. Similarly, on disposition of some investments, including debt
securities and certain forward contracts denominated in a foreign currency,
gains or losses attributable to fluctuations in the value of the foreign
currency between the acquisition and disposition of the position also are
treated as ordinary gain or loss. These gains and losses, referred to under the
Code as "section 988" gains or losses, increase or decrease the amount of the
Global Income Fund's investment company taxable income available to be
distributed to you as ordinary income. If section 988 losses exceed other
investment company taxable income during a taxable year, the Global Income Fund
would not be able to make any ordinary dividend distributions, or distributions
made before the losses were realized would be recharacterized as a return of
capital to you, rather than as an ordinary dividend, reducing the basis in your
shares.

THE FOREGOING IS ONLY A SUMMARY OF CERTAIN MATERIAL TAX CONSEQUENCES
AFFECTING THE GLOBAL INCOME FUND AND YOURSELF. YOU ARE ADVISED TO CONSULT YOUR
OWN TAX ADVISER WITH RESPECT TO THE PARTICULAR TAX CONSEQUENCES TO YOU OF AN
INVESTMENT IN THE GLOBAL INCOME FUND.

COMMON STOCK

The authorized capital stock of the Global Income Fund is 100,000,000
shares of Common Stock. The Fund has no present intention of offering
additional shares other than pursuant to the offer. Other offerings of
shares, if made, will require approval of the board of directors. Any
additional offering will be subject to the requirement of the Investment
Company Act that shares not be sold at a price below the then current net
asset value (exclusive of underwriting discounts and commissions) except in
connection with an offering to existing shareholders or with the consent of
the holders of a majority of the outstanding voting securities, as such term
is defined under the Investment Company Act.

BENEFICIAL OWNERSHIP

The Global Income Fund does not know of any persons who may be deemed
beneficial owners of 5% or more of the shares because they possessed or shared
voting or investment power with respect to them. The officers and directors of
the Global Income Fund, in the aggregate, own less than 1% of the outstanding
shares.

FINANCIAL STATEMENTS

The annual report for the fiscal year ended December 31, 1998 and the
unaudited semi-annual report for the fiscal period ended June 30, 1999, which
either accompany this statement of additional information or have previously
been provided to you, are incorporated herein by reference with respect to all
information other than the information set forth in the letter to shareholders
included therein. The Global Income Fund will furnish, without charge, a copy of
these reports upon request to Shareholder Relations at Credit Suisse Asset
Management, One Citicorp Center, 153 East 53rd Street, New York, New York 10022,
(800) 293-1232.