UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-CSR

CERTIFIED SHAREHOLDER REPORT OF REGISTERED
MANAGEMENT INVESTMENT COMPANIES

Investment Company Act file number			811-08927
CREDIT SUISSE GLOBAL HIGH YIELD FUND, INC.
(Exact name of registrant as specified in charter)
Eleven Madison Avenue, New York, New York					10010
(Address of principal executive offices)					(Zip code)
J. Kevin Gao, Esq. Credit Suisse Global High Yield Fund, Inc. Eleven Madison Avenue New York, New York  10010
(Name and address of agent for service)
Registrant’s telephone number, including area code:				(212) 325-2000
Date of fiscal year end:	December 31st
Date of reporting period:		January 1, 2008 to December 31, 2008

Item 1. Reports to Stockholders.

CREDIT SUISSE
INSTITUTIONAL FUND

Annual Report

December 31, 2008

n  CREDIT SUISSE
GLOBAL HIGH YIELD FUND

The Fund's investment objectives, risks, charges and expenses (which should be considered carefully before investing), and more complete information about the Fund, are provided in the Prospectus, which should be read carefully before investing. You may obtain additional copies by calling 800-222-8977 or by writing to Credit Suisse Institutional Fund, P.O. Box 55030, Boston, MA 02205-5030.

Credit Suisse Asset Management Securities, Inc., Distributor, is located at Eleven Madison Avenue, New York, NY 10010. Credit Suisse Institutional Fund is advised by Credit Suisse Asset Management, LLC.

The views of the Fund's management are as of the date of the letter and the Fund holdings described in this document are as of December 31, 2008; these views and Fund holdings may have changed subsequent to these dates. Nothing in this document is a recommendation to purchase or sell securities.

Fund shares are not deposits or other obligations of Credit Suisse Asset Management, LLC ("Credit Suisse") or any affiliate, are not FDIC-insured and are not guaranteed by Credit Suisse or any affiliate. Fund investments are subject to investment risks, including loss of your investment.

Credit Suisse Global High Yield Fund
Annual Investment Adviser's Report
December 31, 2008 (unaudited)

January 31, 2009

Dear Shareholder:

Performance Summary
1/1/08 – 12/31/08

Fund and Benchmark	Performance
Credit Suisse Global High Yield Fund1		-26.51	%
Merrill Lynch Global High Yield Constrained Index (fully hedged)2		-26.63	%

Market Review: Volatile markets and tighter lending standards

For the twelve months ending December 31, 2008, global financial markets remained volatile. Concerns over sub-prime mortgages and shelved leveraged buyout deals from 2007 broadened to include worry over tight credit conditions and a deteriorating macroeconomic backdrop.

The high yield market experienced significant sell-offs from September through November 2008 as financial market weakness deepened and losses were experienced across the board from equities to bonds. According to Merrill Lynch, roughly half of the global asset indexes they track posted their worst-ever returns during the month of October. Given that backdrop, Merrill Lynch Global High Yield Constrained Index, the Fund's benchmark, posted unprecedented total losses of -28.91% (the worst monthly returns in the history of the Index) for just the three months ended November. By mid-December, spreads on the Merrill Lynch Global High Yield Constrained Index reached an all-time wide of +2137 basis points versus the Treasury market. In the second half of December, a series of government actions that included: additional rate cuts, the extension of emergency government loans to GM and Chrysler, and the Fed's approval of GMAC's application to become a bank holding company, all contributed to a reversal in credit market momentum. The ensuing rally resulted in a December gain of 6.18% for the Index — the best monthly performance in its history. However, despite the strong finish, spreads widened 1244 basis points versus the Treasury market for the twelve months ended December 31, 2008, to finish the period at +1816 basis points. For the same period, the Merrill Lynch Global High Yield Constrained (hedged into USD) benchmark posted returns of -26.63%.

All rating classes posted negative returns during the 12-months ending December 31, 2008, with CCC-rated securities continuing to underperform, returning -39.00% for the time period. Though BB-rated securities outperformed the broad market, this rating class still returned -19.00%.

Against this performance backdrop, a number of market indicators signaled that credit fundamentals may have peaked. Default rates, as reported by

1

Credit Suisse Global High Yield Fund
Annual Investment Adviser's Report (continued)
December 31, 2008 (unaudited)

Moody's Investor Services, rose to 4.01% in December, from levels of 0.90% a year earlier. In conjunction with high yield spreads, Merrill Lynch's distress ratio (defined as a proportion of bonds trading over 1,000 bps) also rose to 82.3%. Finally, the most recent Federal Loan Officers Survey reflects continued tightening of lending standards among an increasing number of small, medium, and large companies.

Strategic Review and Outlook: Expecting conditions to remain volatile for the short-term

For the year ended December 31, 2008, the Fund slightly outperformed the benchmark. Superior security selection in energy-exploration and an underweight in the banking sector made a positive contribution to relative returns. Conversely, security selection in chemicals, printing-publishing, builders and leisure hurt relative returns.

Given the volatile economic backdrop, we have continued the process, begun in 2007, of upgrading portfolio credit quality, conserving cash and opportunistically paring back exposures in riskier names. We have maintained core holdings in the more defensive industries and remain relatively constructive on several issuers in the industrial and commercial space. In contrast, we remain cautious with respect to consumer-driven and more cyclical industries, and have sought to limit exposures to these sectors.

Recent market conditions continue to be characterized by unprecedented volatility. December performance numbers highlighted the fact that high yield market valuations had reached extremely low levels with indications for default expectations of more than 20%. However, credit conditions remain tight and recent economic indicators have continued to weaken — pointing to a severe global recession. While we believe recent policy initiatives should ultimately stabilize the financial markets as well as the broader global economy, we expect conditions to stay volatile as liquidity remains limited and balance sheet repair continues. Going forward, our portfolio strategy will remain selective, paring back riskier credits where possible and emphasizing higher quality issuers.

The Credit Suisse High Yield Management Team

Martha Metcalf
Wing Chan

High yield bonds are lower-quality bonds that are also known as "junk bonds." Such bonds entail greater risks than those found in higher-rated securities.

2

Credit Suisse Global High Yield Fund
Annual Investment Adviser's Report (continued)
December 31, 2008 (unaudited)

International investing entails special risk considerations, including currency fluctuations, lower liquidity, economic and political risks, and differences in accounting methods; these risks are generally heightened for emerging-market investments. The Fund may involve a greater degree of risk than other funds that invest in larger, more developed markets.

In addition to historical information, this report contains forward-looking statements, which may concern, among other things, domestic and foreign market, industry and economic trends and developments and government regulation and their potential impact on the Fund's investments. These statements are subject to risks and uncertainties and actual trends, developments and regulations in the future, and their impact on the Fund could be materially different from those projected, anticipated or implied. The Fund has no obligation to update or revise forward-looking statements.

3

Credit Suisse Global High Yield Fund
Annual Investment Adviser's Report (continued)
December 31, 2008 (unaudited)

Comparison of Change in Value of $3 Million Investment in the
Credit Suisse Global High Yield Fund¹ and the Merrill Lynch
Global High Yield Constrained Index² for Ten Years.

Average Annual Returns as of December 31, 2008¹

1 Year			5 Years			10 Years			Since Inception3
	(26.51	)%		0.06	%		1.60	%		4.33	%

Returns represent past performance and include change in share price and reinvestment of dividends and capital gains. Past performance cannot guarantee future results. The current performance of the Fund may be lower or higher than the figures shown. Returns and share price will fluctuate, and redemption value may be more or less than original cost. The performance results do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. Performance information current to the most recent month-end is available at www.credit-suisse.com/us.

The annualized gross expense ratio is 1.42%. The annualized net expense ratio after fee waivers and/or expense reimbursements is 0.70%.

¹  Fee waivers and/or expense reimbursements may reduce expenses for the Fund, without which performance would be lower. Waivers and/or reimbursements may be discontinued at any time.

²  The Merrill Lynch Global High Yield Constrained Index (fully hedged) tracks the performance of below investment grade bonds of corporate issuers domiciled in countries having an investment grade foreign currency long term debt rating; any individual issuer is capped at 2%. Investors cannot invest directly in an index.

³  Inception date 2/26/93.

4

Credit Suisse Global High Yield Fund
Annual Investment Adviser's Report (continued)
December 31, 2008 (unaudited)

Information About Your Fund's Expenses

As an investor of the Fund, you incur two types of costs: ongoing expenses and transaction costs. Ongoing expenses include management fees, distribution and service (12b-1) fees and other Fund expenses. Examples of transaction costs include sales charges (loads), redemption fees and account maintenance fees, which are not shown in this section and which would result in higher total expenses. The following table is intended to help you understand your ongoing expenses of investing in the Fund and to help you compare these expenses with the ongoing expenses of investing in other mutual funds. The table is based on an investment of $1,000 made at the beginning of the six month period ended December 31, 2008.

The table illustrates your Fund's expenses in two ways:

• Actual Fund Return. This helps you estimate the actual dollar amount of ongoing expenses paid on a $1,000 investment in the Fund using the Fund's actual return during the period. To estimate the expenses you paid over the period, simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number in the "Expenses Paid per $1,000" line under the share class you hold.

• Hypothetical 5% Fund Return. This helps you to compare your Fund's ongoing expenses with those of other mutual funds using the Fund's actual expense ratio and a hypothetical rate of return of 5% per year before expenses. Examples using a 5% hypothetical fund return may be found in the shareholder reports of other mutual funds. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period.

Please note that the expenses shown in these tables are meant to highlight your ongoing expenses only and do not reflect any transaction costs, such as sales charges (loads) or redemption fees. If these transaction costs had been included, your costs would have been higher. The "Expenses Paid per $1,000" line of the tables is useful in comparing ongoing expenses only and will not help you determine the relative total expenses of owning different funds.

5

Credit Suisse Global High Yield Fund
Annual Investment Adviser's Report (continued)
December 31, 2008 (unaudited)

Expenses and Value for a $1,000 Investment
for the six month period ended December 31, 2008

Actual Fund Return
Beginning Account Value 7/1/08	$	1,000.00
Ending Account Value 12/31/08	$	754.90
Expenses Paid per $1,000*	$	3.09
Hypothetical 5% Fund Return
Beginning Account Value 7/1/08	$	1,000.00
Ending Account Value 12/31/08	$	1,021.62
Expenses Paid per $1,000*	$	3.56
Annualized Expense Ratios*		0.70	%

*  Expenses are equal to the Fund's annualized expense ratio multiplied by the average account value over the period, multiplied by the number of days in the most recent fiscal half year period, then divided by 366.

  The "Expenses Paid per $1,000" and the "Annualized Expense Ratios" in the tables are based on actual expenses paid by the Fund during the period, net of fee waivers and/or expense reimbursements. If those fee waivers and/or expense reimbursements had not been in effect, the Fund's actual expenses would have been higher.

For more information, please refer to the Fund's prospectus.

6

Credit Suisse Global High Yield Fund
Annual Investment Adviser's Report (continued)
December 31, 2008 (unaudited)

Credit Quality Breakdown*

Ratings S&P
BBB	4.0	%
BB	26.5	%
B	40.3	%
C	0.9	%
CCC	13.8	%
D	0.2	%
NR	5.4	%
Subtotal	91.1	%
Short-Term Investment	8.9	%
Total	100.0	%

*  Expressed as a percentage of total investments (excluding securities lending collateral if applicable) and may vary over time.

7

Credit Suisse Global High Yield Fund

Schedule of Investments

December 31, 2008

Par (000)			Ratings† (S&P/Moody's)	Maturity	Rate%		Value
CORPORATE BONDS (80.8%)
Aerospace & Defense (2.2%)
$	100	BE Aerospace, Inc., Senior Unsecured Notes (Callable 07/01/13 @ $104.25)	(BB+, Ba3)	07/01/18		8.500	$	90,250
	75	DRS Technologies, Inc., Global Senior Subordinated Notes (Callable 11/01/09 @ $102.29)	(BBB-, Baa1)	11/01/13		6.875		74,701
	75	Hawker Beechcraft Acquisition Co., Global Company Guaranteed Notes (Callable 04/01/11 @ $104.25)	(B-, B3)	04/01/15		8.500		31,125
	100	Hawker Beechcraft Acquisition Co., Global Company Guaranteed Notes (Callable 04/01/12 @ $104.88)	(B-, Caa1)	04/01/17		9.750		27,500
	95	Hexcel Corp., Global Senior Subordinated Notes (Callable 02/01/10 @ $103.38)	(B+, B1)	02/01/15		6.750		72,675
	50	L-3 Communications Corp., Global Company Guaranteed Notes (Callable 07/15/09 @ $102.04)	(BB+, Ba3)	07/15/13		6.125		46,250
	125	L-3 Communications Corp., Global Senior Subordinated Notes (Callable 01/15/10 @ $102.94)	(BB+, Ba3)	01/15/15		5.875		113,125
	100	TransDigm, Inc., Global Company Guaranteed Notes (Callable 07/15/09 @ $105.81)	(B-, B3)	07/15/14		7.750		82,500
								538,126
Agriculture (0.2%)
	75	Southern States Cooperative, Inc., Rule 144A, Senior Notes (Callable 11/01/09 @ $100.00)‡	(B-, B3)	11/01/10		10.500		62,625
Auto Loans (4.8%)
	200	Ford Motor Credit Co. LLC, Global Senior Unsecured Notes	(CCC+, Caa1)	06/15/10		7.875		160,085
	310	Ford Motor Credit Co. LLC, Global Senior Unsecured Notes	(CCC+, Caa1)	10/01/13		7.000		214,384
	250	Ford Motor Credit Co. LLC, Senior Unsecured Notes	(CCC+, Caa1)	12/15/16		8.000		163,049
	300	GMAC LLC, Rule 144A, Company Guaranteed Notes‡	(NR, NR)	03/02/11		7.250		299,431
	189	GMAC LLC, Rule 144A, Company Guaranteed Notes‡	(NR, NR)	04/01/11		6.000		174,734
	13	GMAC LLC, Rule 144A, Company Guaranteed Notes‡	(NR, NR)	12/31/13		7.500		10,675
	211	GMAC LLC, Rule 144A, Company Guaranteed Notes‡	(NR, NR)	12/01/14		6.750		176,456
	15	GMAC LLC, Rule 144A, Subordinated Notes‡	(NR, NR)	12/31/18		8.000		5,645
								1,204,459

See Accompanying Notes to Financial Statements.
8

Credit Suisse Global High Yield Fund

Schedule of Investments (continued)

December 31, 2008

Par (000)			Ratings† (S&P/Moody's)	Maturity	Rate%		Value
CORPORATE BONDS
Auto Parts & Equipment (1.7%)
$	150	Altra Industrial Motion, Inc., Global Senior Secured Notes (Callable 12/01/09 @ $102.25)	(B+, B1)	12/01/11		9.000	$	142,500
	75	American Axle & Manufacturing, Inc., Company Guaranteed Notes (Callable 03/01/12 @ $103.94)	(CCC+, Caa2)	03/01/17		7.875		23,625
	90	Lear Corp., Series B, Global Company Guaranteed Notes (Callable 12/01/10 @ $104.25)	(B-, B3)	12/01/13		8.500		28,350
	110	Stanadyne Corp., Series 1, Global Senior Subordinated Notes (Callable 08/15/09 @ $105.00)	(B-, B3)	08/15/14		10.000		75,350
	75	Tenneco, Inc., Global Company Guaranteed Notes (Callable 11/15/09 @ $104.31)	(B, B3)	11/15/14		8.625		28,875
	150	The Goodyear Tire & Rubber Co., Global Company Guaranteed Notes (Callable 07/01/10 @ $104.50)	(BB-, B1)	07/01/15		9.000		121,500
	10	Visteon Corp., Global Senior Unsecured Notes	(CCC-, Caa3)	08/01/10		8.250		3,150
	24	Visteon Corp., Rule 144A, Senior Unsecured Notes (Callable 12/31/13 @ $105.00)‡	(CCC+, Caa2)	12/31/16		12.250		5,880
								429,230
Automotive (0.7%)
	200	Ford Motor Co., Global Senior Unsecured Notes	(CCC-, Ca)	07/16/31		7.450		57,000
	100	General Motors Corp., Global Senior Unsecured Notes	(C, C)	01/15/11		7.200		21,250
	200	General Motors Corp., Senior Unsecured Notes	(C, C)	07/15/13		7.125		37,500
	350	General Motors Corp., Senior Unsecured Notes	(C, C)	07/15/33		8.375		63,000
								178,750
Beverages (0.5%)
	125	Constellation Brands, Inc., Company Guaranteed Notes	(BB-, Ba3)	09/01/16		7.250		118,750
Brokerage (0.1%)
	75	E*TRADE Financial Corp., Senior Unsecured Notes (Callable 12/01/10 @ $103.94)	(B, B2)	12/01/15		7.875		27,375
Building & Construction (0.9%)
	100	Ashton Woods USA/Finance, Global Company Guaranteed Notes (Callable 10/01/10 @ $104.75)	(D, C)	10/01/15		9.500		20,500
	100	Beazer Homes USA, Inc., Global Company Guaranteed Notes (Callable 04/15/09 @ 101.40)	(CCC+, B3)	04/15/12		8.375		40,500
	100	K Hovnanian Enterprises, Inc., Global Company Guaranteed Notes	(CCC, Caa1)	01/15/16		6.250		27,000
	125	KB HOME, Company Guaranteed Notes	(BB-, Ba3)	06/15/15		6.250		76,875
	75	Standard Pacific Corp., Global Company Guaranteed Notes	(B-, B2)	08/15/15		7.000		39,375
	75	William Lyon Homes, Inc., Global Company Guaranteed (Callable 12/15/09 @ 101.91)	(CCC-, Caa3)	12/15/12		7.625		19,875
								224,125

See Accompanying Notes to Financial Statements.
9

Credit Suisse Global High Yield Fund

Schedule of Investments (continued)

December 31, 2008

Par (000)			Ratings† (S&P/Moody's)	Maturity	Rate%		Value
CORPORATE BONDS
Building Materials (1.0%)
$	100	Building Materials Corp. of America, Global Secured Notes (Callable 08/01/09 @ $103.88)	(B+, B3)	08/01/14		7.750	$	63,500
	100	Coleman Cable, Inc., Global Company Guaranteed Notes (Callable 10/01/09 @ $102.47)	(B+, B2)	10/01/12		9.875		63,625
	75	Norcraft Finance Corp., Global Company Guaranteed Notes (Callable 11/01/09 @ $100.00)	(B+, B1)	11/01/11		9.000		64,125
	75	Nortek, Inc., Global Senior Subordinated Notes (Callable 09/01/09 @ $104.25)	(CCC, Caa1)	09/01/14		8.500		17,625
	50	Ply Gem Industries, Inc., Global Company Guaranteed Notes (Callable 02/15/09 @ $102.25)§	(CCC, Caa2)	02/15/12		9.000		12,250
	50	Ply Gem Industries, Inc., Global Senior Secured Notes (Callable 04/01/11 @ $105.88)	(B-, B2)	06/15/13		11.750		27,250
								248,375
Chemicals (2.3%)
	175	Chemtura Corp., Company Guaranteed Notes	(B, B2)	06/01/16		6.875		90,125
	100	Koppers Holdings, Inc., Global Senior Discount Notes (Callable 11/15/09 @ $104.94)+	(B-, B2)	11/15/14		0.000		78,000
	150	Momentive Performance Materials, Inc., Global Company Guaranteed Notes (Callable 12/01/10 @ $104.88)	(B-, B3)	12/01/14		9.750		64,500
	110	Momentive Performance Materials, Inc., Global Company Guaranteed Notes (Callable 12/01/11 @ $105.75)	(CCC, Caa2)	12/01/16		11.500		33,000
	50	Nalco Co., Global Company Guaranteed Notes (Callable 11/15/09 @ $103.00)	(NR, B3)	11/15/13		9.000		51,084
	100	Nalco Finance Holdings, Inc., Global Senior Discounted Notes (Callable 02/01/09 @ $104.50)§+	(B, B3)	02/01/14		0.000		72,500
	100	PolyOne Corp., Senior Unsecured Notes	(B, B1)	05/01/12		8.875		52,000
	100	Reichhold Industries, Inc., Rule 144A, Senior Notes (Callable 08/15/10 @ $104.50)‡	(B-, B2)	08/15/14		9.000		66,500
	100	Terra Capital, Inc., Series B, Global Company Guaranteed Notes (Callable 02/01/12 @ $103.50)	(BB, B1)	02/01/17		7.000		74,000
								581,709
Computer Hardware (0.1%)
	75	Activant Solutions, Inc., Global Company Guaranteed Notes (Callable 05/01/11 @ $104.75)	(CCC+, Caa1)	05/01/16		9.500		35,250

See Accompanying Notes to Financial Statements.
10

Credit Suisse Global High Yield Fund

Schedule of Investments (continued)

December 31, 2008

Par (000)			Ratings† (S&P/Moody's)	Maturity	Rate%		Value
CORPORATE BONDS
Consumer Products (1.3%)
$	125	AAC Group Holding Corp., Rule 144A, Senior Unsecured Notes (Callable 10/01/09 @ $102.56)‡	(CCC+, Caa2)	10/01/12		10.250	$	83,125
	150	Amscan Holdings, Inc., Global Senior Subordinated Notes (Callable 05/01/09 @ $104.38)	(CCC+, Caa1)	05/01/14		8.750		88,500
	75	Jarden Corp., Company Guaranteed Notes (Callable 05/01/12 @ $103.75)	(B, B3)	05/01/17		7.500		51,562
	100	Prestige Brands, Inc., Global Senior Subordinated Notes (Callable 04/15/09 @ $102.31)	(B-, B3)	04/15/12		9.250		92,500
								315,687
Diversified Capital Goods (1.8%)
	75	Actuant Corp., Global Company Guaranteed Notes (Callable 06/15/12 @ $103.44)	(BB-, Ba2)	06/15/17		6.875		56,812
	125	Esco Corp., Rule 144A, Company Guaranteed Notes (Callable 12/15/10 @ $104.31)‡	(B, B2)	12/15/13		8.625		88,125
	100	RBS Global & Rexnord Corp., Global Company Guaranteed Notes (Callable 08/01/10 @ $104.75)	(B-, B3)	08/01/14		9.500		75,000
	75	Sensus Metering Systems, Inc., Global Senior Subordinated Notes (Callable 12/15/09 @ $102.87)	(B-, B3)	12/15/13		8.625		55,125
	50	SPX Corp., Rule 144A, Senior Notes‡	(BB, Ba2)	12/15/14		7.625		43,563
	100	Titan International, Inc., Global Company Guaranteed Notes	(B-, Caa1)	01/15/12		8.000		74,500
	102	TriMas Corp., Global Company Guaranteed Notes (Callable 06/15/09 @ $101.65)	(B-, Caa1)	06/15/12		9.875		51,510
								444,635
Electric - Generation (7.4%)
	200	Dynegy Holdings, Inc., Global Senior Unsecured Notes	(B, B2)	06/01/15		7.500		141,000
	250	Dynegy Holdings, Inc., Global Senior Unsecured Notes	(B, B2)	05/01/16		8.375		178,750
	25	Edison Mission Energy, Global Senior Unsecured Notes	(BB-, B1)	05/15/17		7.000		21,875
	250	Midwest Generation LLC, Series B, Global Pass Thru Certificates	(BB+, Baa3)	01/02/16		8.560		239,170
	100	Mirant Americas Generation LLC, Senior Unsecured Notes	(B-, B3)	10/01/21		8.500		76,500
	175	NRG Energy, Inc., Company Guaranteed Notes (Callable 01/15/12 @ $103.69)	(B, B1)	01/15/17		7.375		161,437
	75	NRG Energy, Inc., Company Guaranteed Notes (Callable 02/01/10 @ $103.63)	(B, B1)	02/01/14		7.250		70,313

See Accompanying Notes to Financial Statements.
11

Credit Suisse Global High Yield Fund

Schedule of Investments (continued)

December 31, 2008

Par (000)			Ratings† (S&P/Moody's)	Maturity	Rate%		Value
CORPORATE BONDS
Electric - Generation
$	50	NRG Energy, Inc., Company Guaranteed Notes (Callable 02/01/11 @ $103.69)	(B, B1)	02/01/16		7.375	$	46,625
	75	Reliant Energy, Inc., Senior Unsecured Notes	(B+, B1)	06/15/14		7.625		62,625
	600	Texas Competitive Electric Holdings Co. LLC, Series A Rule 144A, Company Guaranteed Notes (Callable 11/01/11 @ $105.13)‡+	(CCC, B3)	11/01/15		10.500		429,000
	175	Texas Competitive Electric Holdings Co. LLC, Series B Rule 144A, Company Guaranteed Notes (Callable 11/01/11 @ $105.13)‡+	(CCC, B3)	11/01/15		10.500		125,125
	150	The AES Corp., Global Senior Unsecured Notes	(BB-, B1)	10/15/17		8.000		123,750
	175	The AES Corp., Senior Unsecured Notes	(BB-, B1)	03/01/14		7.750		154,875
								1,831,045
Electric - Integrated (0.6%)
	75	CMS Energy Corp., Senior Unsecured Notes	(BB, Ba1)	07/17/17		6.550		60,752
	75	PNM Resources, Inc., Unsecured Notes	(BB-, Ba2)	05/15/15		9.250		60,000
	25	Public Service Company of New Mexico, Senior Unsecured Notes	(BB+, Baa3)	05/15/18		7.950		20,375
								141,127
Electronics (1.5%)
	150	Amkor Technology, Inc., Global Senior Notes (Callable 05/15/09 @ $102.58)	(B+, B1)	05/15/13		7.750		86,062
	21	Ampex Corp., Rule 144A, Senior Secured Notes^‡	(NR, NR)	09/30/09		12.000		16,731
	225	Freescale Semiconductor, Inc., Global Company Guaranteed Notes (Callable 12/15/10 @ $104.44)	(B-, B2)	12/15/14		8.875		100,125
	40	Jabil Circuit, Inc., Global Senior Unsecured Notes	(BB+, Ba1)	03/15/18		8.250		25,600
	125	Sanmina-SCI Corp., Global Company Guaranteed Notes (Callable 03/01/09 @ $103.38)	(B-, B3)	03/01/13		6.750		54,375
	25	Sanmina-SCI Corp., Senior Subordinated Notes (Callable 03/01/11 @ $104.06)	(B-, B3)	03/01/16		8.125		9,875
	100	Viasystems, Inc., Global Senior Unsecured Notes (Callable 01/15/09 @ $102.63)	(B+, Caa1)	01/15/11		10.500		73,000
								365,768
Energy - Exploration & Production (5.6%)
	150	Berry Petroleum Co., Senior Subordinated Notes (Callable 11/01/11 @ $104.13)	(B, B3)	11/01/16		8.250		81,750
	75	Chaparral Energy, Inc., Global Company Guaranteed Notes (Callable 02/01/12 @ $104.44)	(CCC, Caa3)	02/01/17		8.875		15,375
	75	Chesapeake Energy Corp., Company Guaranteed Notes	(BB, Ba3)	12/15/18		7.250		58,875
	300	Chesapeake Energy Corp., Global Company Guaranteed Notes (Callable 01/15/09 @ $103.44)	(BB, Ba3)	01/15/16		6.875		241,500

See Accompanying Notes to Financial Statements.
12

Credit Suisse Global High Yield Fund

Schedule of Investments (continued)

December 31, 2008

Par (000)			Ratings† (S&P/Moody's)	Maturity	Rate%		Value
CORPORATE BONDS
Energy - Exploration & Production
$	125	Encore Acquisition Co., Company Guaranteed Notes (Callable 12/01/10 @ $103.63)	(B, B1)	12/01/17		7.250	$	81,250
	100	Forest Oil Corp., Global Company Guaranteed Notes (Callable 05/01/09 @ $101.29)	(B+, B1)	05/01/14		7.750		84,500
	50	Forest Oil Corp., Rule 144A, Company Guaranteed Notes (Callable 06/15/12 @ $103.63)‡	(B+, B1)	06/15/19		7.250		36,750
	125	Hilcorp Energy I, Rule 144A, Senior Unsecured Notes (Callable 06/01/11 @ $104.50)‡	(BB-, B3)	06/01/16		9.000		90,000
	75	Mariner Energy, Inc., Company Guaranteed Notes (Callable 05/15/12 @ $104.00)	(B+, B3)	05/15/17		8.000		39,375
	100	Newfield Exploration Co., Global Senior Subordinated Notes (Callable 05/15/13 @ $103.56)	(BB-, Ba3)	05/15/18		7.125		79,500
	150	Petrohawk Energy Corp., Global Company Guaranteed Notes (Callable 07/15/10 @ $104.56)	(B, B3)	07/15/13		9.125		122,250
	25	PetroHawk Energy Corp., Rule 144A, Senior Notes (Callable 06/01/12 @ $103.94)‡	(B, B3)	06/01/15		7.875		18,625
	75	Plains Exploration & Production Co., Company Guaranteed Notes (Callable 06/15/11 @ $103.88)	(BB, B1)	06/15/15		7.750		57,000
	25	Range Resources Corp., Company Guaranteed Notes (Callable 05/01/13 @ $103.63)	(BB, Ba3)	05/01/18		7.250		21,000
	100	Range Resources Corp., Global Company Guaranteed Notes (Callable 03/15/10 @ $103.19)	(BB, Ba3)	03/15/15		6.375		81,500
	50	SandRidge Energy, Inc., Rule 144A, Senior Notes (Callable 06/01/13 @ $104.00)‡	(B-, B3)	06/01/18		8.000		28,000
	175	Southwestern Energy Co., Rule 144A, Senior Unsecured Notes‡	(BB+, Ba2)	02/01/18		7.500		154,000
	125	Swift Energy Co., Senior Notes (Callable 07/15/09 @ $101.91)	(BB-, B1)	07/15/11		7.625		98,125
								1,389,375
Environmental (1.3%)
	225	Allied Waste North America, Inc., Global Senior Secured Notes (Callable 03/15/10 @ $103.63)	(BBB, Baa3)	03/15/15		7.250		209,504
	175	Waste Services, Inc., Global Senior Subordinated Notes (Callable 04/15/09 @ $104.75)	(B-, Caa1)	04/15/14		9.500		125,125
								334,629
Food & Drug Retailers (1.1%)
	175	Duane Reade, Inc., Global Company Guaranteed Notes (Callable 08/01/09 @ $102.44)	(CCC-, Caa3)	08/01/11		9.750		93,625
	100	New Albertsons, Inc., Senior Unsecured Notes	(B+, B1)	05/01/13		7.250		85,000

See Accompanying Notes to Financial Statements.
13

Credit Suisse Global High Yield Fund

Schedule of Investments (continued)

December 31, 2008

Par (000)			Ratings† (S&P/Moody's)	Maturity	Rate%		Value
CORPORATE BONDS
Food & Drug Retailers
$	25	Stater Brothers Holdings, Inc., Global Company Guaranteed Notes (Callable 04/15/11 @ $103.88)	(B+, B2)	04/15/15		7.750	$	21,125
	75	Stater Brothers Holdings, Inc., Global Company Guaranteed Notes (Callable 06/15/09 @ $102.03)	(B+, B2)	06/15/12		8.125		68,250
								268,000
Food - Wholesale (0.6%)
	75	Dole Food Co., Inc., Global Company Guaranteed Notes	(B-, Caa2)	05/01/09		8.625		68,250
	25	Dole Food Co., Inc., Global Company Guaranteed Notes (Callable 03/15/09 @ $100.00)	(B-, Caa2)	03/15/11		8.875		15,750
	125	Smithfield Foods, Inc., Senior Unsecured Notes	(B, B3)	07/01/17		7.750		71,875
								155,875
Forestry & Paper (2.2%)
	90	Boise Cascade LLC, Global Company Guaranteed Notes (Callable 10/15/09 @ $103.56)	(BB-, B2)	10/15/14		7.125		50,850
	125	Cellu Tissue Holdings, Inc., Global Secured Notes (Callable 03/15/09 @ $100.00)	(B, B2)	03/15/10		9.750		100,625
	175	Georgia-Pacific Corp., Debentures	(B+, B2)	06/15/15		7.700		133,875
	75	Georgia-Pacific Corp., Rule 144A, Company Guaranteed Notes (Callable 01/15/12 @ $103.56)‡	(BB-, Ba3)	01/15/17		7.125		63,375
	100	Graphic Packaging International Corp., Global Senior Subordinated Notes (Callable 08/15/09 @ $103.17)	(B-, B3)	08/15/13		9.500		69,500
	75	NewPage Corp., Global Company Guaranteed Notes (Callable 05/01/09 @ $106.00)	(B-, B2)	05/01/12		10.000		33,375
	75	NewPage Corp., Global Company Guaranteed Notes (Callable 05/01/09 @ $106.00)	(CCC+, B3)	05/01/13		12.000		21,750
	175	Smurfit-Stone Container Enterprises, Inc., Global Senior Unsecured Notes (Callable 07/01/09 @ $101.40)	(CCC+, Caa1)	07/01/12		8.375		29,750
	100	Verso Paper Holdings LLC, Series B, Global Senior Secured Notes (Callable 08/01/10 @ $104.56)	(CCC+, B3)	08/01/14		9.125		40,000
								543,100
Gaming (3.2%)
	75	Buffalo Thunder Development Authority, Rule 144A, Senior Secured Notes (Callable 12/15/10 @ $104.69)‡	(B-, Caa3)	12/15/14		9.375		15,375
	25	Caesars Entertainment, Inc., Global Company Guaranteed Notes	(CCC, Caa3)	03/15/10		7.875		16,625

See Accompanying Notes to Financial Statements.
14

Credit Suisse Global High Yield Fund

Schedule of Investments (continued)

December 31, 2008

Par (000)			Ratings† (S&P/Moody's)	Maturity	Rate%		Value
CORPORATE BONDS
Gaming
$	100	Caesars Entertainment, Inc., Global Company Guaranteed Notes	(CCC, Caa3)	05/15/11		8.125	$	49,500
	100	CCM Merger, Inc., Rule 144A, Notes (Callable 08/01/09 @ $104.00)‡	(CCC, Caa2)	08/01/13		8.000		52,000
	23	Choctaw Resort Development Enterprise, Rule 144A, Senior Notes (Callable 11/15/11 @ $103.63)‡	(B+, B1)	11/15/19		7.250		12,075
	50	FireKeepers Development Authority, Rule 144A, Senior Secured Notes (Callable 05/01/12 @ $110.50)‡	(B, B3)	05/01/15		13.875		31,250
	60	Fontainebleau Las Vegas Capital Corp., Rule 144A, Second Mortgage Notes (Callable 06/15/11 @ $105.13)‡	(CCC, Caa3)	06/15/15		10.250		6,150
	20	Herbst Gaming, Inc., Global Company Guaranteed Notes (Callable 06/01/09 @ $102.03)	(D, C)	06/01/12		8.125		175
	100	Inn of the Mountain Gods Resort & Casino, Global Company Guaranteed Notes (Callable 11/15/09 @ $100.00)	(CCC, Caa2)	11/15/10		12.000		33,500
	100	Jacobs Entertainment, Inc., Global Company Guaranteed Notes (Callable 06/15/10 @ $104.88)	(B-, B3)	06/15/14		9.750		48,500
	50	Majestic Star Casino Capital Corp., Senior Secured Notes (Callable 10/15/09 @ $100.00)ø	(D, Caa3)	10/15/10		9.500		14,250
	125	Mashantucket Western Pequot Tribe, Rule 144A, Bonds (Callable 11/15/11 @ $104.25)‡	(BB-, B1)	11/15/15		8.500		49,688
	175	MGM Mirage, Inc., Company Guaranteed Notes	(BB-, Ba3)	06/01/16		7.500		111,781
	175	MGM Mirage, Inc., Company Guaranteed Notes	(BB-, Ba3)	01/15/17		7.625		113,750
	100	MGM Mirage, Inc., Global Company Guaranteed Notes	(BB-, Ba3)	04/01/13		6.750		67,500
	50	Peermont Global Proprietary Ltd., Rule 144A, Senior Secured Notes (Callable 04/30/10 @ $105.81)‡	(B, B3)	04/30/14		7.750		37,184
	60	Tropicana Finance Corp., Global Senior Subordinated Notes (Callable 12/15/10 @ $104.81)ø	(NR, NR)	12/15/14		9.625		900
	20	Trump Entertainment Resorts, Inc., Senior Secured Notes (Callable 06/01/10 @ $104.25)	(D, Ca)	06/01/15		8.500		2,750
	100	Turning Stone Resort Casino Enterprise, Rule 144A, Senior Notes (Callable 09/15/10 @ $104.56)‡	(B+, B1)	09/15/14		9.125		76,500
	75	Wynn Las Vegas LLC, Global First Mortgage Notes (Callable 12/01/09 @ $103.31)	(BBB-, Ba2)	12/01/14		6.625		57,000
								796,453

See Accompanying Notes to Financial Statements.
15

Credit Suisse Global High Yield Fund

Schedule of Investments (continued)

December 31, 2008

Par (000)			Ratings† (S&P/Moody's)	Maturity	Rate%		Value
CORPORATE BONDS
Gas Distribution (3.8%)
$	125	AmeriGas Partners LP, Senior Unsecured Notes (Callable 05/20/11 @ $103.56)	(NR, Ba3)	05/20/16		7.125	$	100,625
	275	El Paso Corp., Senior Unsecured Notes	(BB-, Ba3)	06/01/18		7.250		219,635
	300	El Paso Performance-Linked Trust, Rule 144A, Senior Unsecured Notes‡	(BB, Ba3)	07/15/11		7.750		261,225
	150	Inergy Finance Corp., Global Company Guaranteed Notes (Callable 03/01/11 @ $104.13)	(B+, B1)	03/01/16		8.250		117,750
	75	MarkWest Energy Finance Corp., Series B, Global Senior Notes (Callable 04/15/13 @ $104.38)	(B+, B2)	04/15/18		8.750		46,875
	125	Targa Resources Partners LP, Rule 144A, Senior Notes (Callable 07/01/12 @ $104.13)‡	(B, B2)	07/01/16		8.250		78,125
	150	Williams Partners Finance Corp., Global Senior Unsecured Notes	(BBB-, Ba2)	02/01/17		7.250		118,668
								942,903
Health Services (6.6%)
	125	Bausch & Lomb, Inc., Rule 144A, Senior Unsecured Notes (Callable 11/01/11 @ $104.94)‡	(B, Caa1)	11/01/15		9.875		94,062
	125	Biomet, Inc., Global Company Guaranteed Notes (Callable 10/15/12 @ $105.81)	(B-, Caa1)	10/15/17		11.625		107,500
	150	Community Health Systems, Inc., Global Company Guaranteed Notes (Callable 07/15/11 @ $104.44)	(B, B3)	07/15/15		8.875		138,750
	75	DaVita, Inc., Global Company Guaranteed Notes (Callable 03/15/10 @ $103.63)	(B, B2)	03/15/15		7.250		71,625
	325	HCA, Inc., Global Secured Notes (Callable 11/15/11 @ $104.63)	(BB-, B2)	11/15/16		9.250		299,000
	50	HCA, Inc., Senior Unsecured Notes	(B-, Caa1)	10/01/12		6.300		35,500
	325	HCA, Inc., Senior Unsecured Notes	(B-, Caa1)	02/15/13		6.250		204,750
	100	Healthsouth Corp., Global Company Guaranteed Notes (Callable 06/15/11 @ $105.38)	(CCC+, Caa1)	06/15/16		10.750		92,250
	75	OMEGA Healthcare Investors, Inc., Global Company Guaranteed Notes (Callable 01/15/11 @ $103.50)	(BB+, Ba3)	01/15/16		7.000		56,625
	50	Service Corporation International, Global Senior Notes	(BB-, B1)	10/01/18		7.625		37,250
	100	Stewart Enterprises, Inc., Global Company Guaranteed Notes (Callable 02/15/09 @ $103.13)	(BB-, Ba3)	02/15/13		6.250		78,000
	300	Tenet Healthcare Corp., Global Senior Unsecured Notes	(B, Caa1)	07/01/14		9.875		243,000
	50	Universal Hospital Services, Inc., Global Senior Secured Notes (Callable 06/01/09 @ $102.00)#	(B+, B3)	06/01/15		5.943		30,750

See Accompanying Notes to Financial Statements.
16

Credit Suisse Global High Yield Fund

Schedule of Investments (continued)

December 31, 2008

Par (000)			Ratings† (S&P/Moody's)	Maturity	Rate%		Value
CORPORATE BONDS
Health Services
$	50	Universal Hospital Services, Inc., Global Senior Secured Notes (Callable 06/01/11 @ $104.25)	(B+, B3)	06/01/15		8.500	$	35,750
	75	Vanguard Health Holding Co., Global Senior Subordinated Notes (Callable 10/01/09 @ $104.50)	(CCC+, Caa1)	10/01/14		9.000		63,000
	100	VWR Funding, Inc., Series B, Global Company Guaranteed Notes (Callable 07/15/11 @ $105.13)	(B-, Caa1)	07/15/15		10.250		63,500
								1,651,312
Hotels (0.7%)
	250	Host Hotels & Resorts LP, Series Q, Global Company Guaranteed Notes (Callable 06/01/11 @ $103.33)	(BBB-, Ba1)	06/01/16		6.750		183,750
Investments & Misc. Financial Services (0.1%)
	75	Nuveen Investments, Inc., Rule 144A, Senior Notes (Callable 11/15/11 @ $105.25)‡	(CCC+, Caa1)	11/15/15		10.500		16,969
Leisure (0.2%)
	51	Six Flags Operations, Inc., Rule 144A, Company Guaranteed Notes (Callable 07/15/13 @ $106.12)‡	(CCC, Caa2)	07/15/16		12.250		20,145
	150	Six Flags, Inc., Global Senior Unsecured Notes (Callable 06/01/09 @ $104.81)	(CCC-, Caa3)	06/01/14		9.625		23,250
								43,395
Machinery (0.8%)
	100	Baldor Electric Co., Company Guaranteed Notes (Callable 02/15/12 @ $104.31)	(B, B3)	02/15/17		8.625		75,000
	50	Case New Holland, Inc., Global Company Guaranteed Notes (Callable 03/01/10 @ $103.56)	(BBB-, Ba3)	03/01/14		7.125		35,750
	100	Terex Corp., Senior Subordinated Notes (Callable 11/15/12 @ $104.00)	(B+, Ba3)	11/15/17		8.000		85,500
								196,250
Media - Broadcast (1.1%)
	75	Allbritton Communications Co., Global Senior Subordinated Notes (Callable 12/15/09 @ $101.29)	(B, B2)	12/15/12		7.750		37,219
	150	Barrington Broadcasting Capital Corp., Global Company Guaranteed Notes (Callable 08/15/10 @ $105.25)	(CCC-, Caa3)	08/15/14		10.500		59,062
	50	Clear Channel Communications, Inc., Senior Unsecured Notes	(CCC+, Caa1)	09/15/14		5.500		6,250
	100	Fisher Communications, Inc., Global Company Guaranteed Notes (Callable 09/15/09 @ $104.31)	(B, B2)	09/15/14		8.625		77,500

See Accompanying Notes to Financial Statements.
17

Credit Suisse Global High Yield Fund

Schedule of Investments (continued)

December 31, 2008

Par (000)			Ratings† (S&P/Moody's)	Maturity	Rate%		Value
CORPORATE BONDS
Media - Broadcast
$	100	Rainbow National Services LLC, Rule 144A, Company Guaranteed Notes (Callable 09/01/09 @ $102.19)‡	(BB, B1)	09/01/12		8.750	$	90,500
	90	Univision Communications, Inc., Rule 144A, Company Guaranteed Notes (Callable 03/15/11 @ $104.88)‡	(CCC, Caa2)	03/15/15		9.750		11,700
	100	Young Broadcasting, Inc., Global Senior Subordinated Notes (Callable 01/15/09 @ $104.38)	(D, C)	01/15/14		8.750		1,500
								283,731
Media - Cable (4.2%)
	200	Atlantic Broadband Finance LLC, Global Company Guaranteed Notes (Callable 01/15/09 @ $104.69)	(CCC+, Caa1)	01/15/14		9.375		138,000
	250	CCH I LLC, Global Secured Notes (Callable 10/01/10 @ $105.50)	(CCC, Caa3)	10/01/15		11.000		45,000
	125	CCH II LLC, Series B, Global Company Guaranteed Notes (Callable 09/15/09 @ $100.00)	(CCC, Caa2)	09/15/10		10.250		55,625
	83	Charter Communications Holdings Capital, Senior Unsecured Notes§	(CCC, Ca)	04/01/11		9.920		10,375
	100	Charter Communications Operating LLC, Rule 144A, Senior Secured Notes‡	(B-, B3)	04/30/12		8.000		82,500
	125	CSC Holdings, Inc., Global Senior Unsecured Notes	(BB, B1)	04/15/12		6.750		115,000
	75	CSC Holdings, Inc., Rule 144A, Senior Unsecured Notes (Callable 06/15/12 @ $104.25)‡	(BB, B1)	06/15/15		8.500		66,375
	35	CSC Holdings, Inc., Series B, Senior Unsecured Notes	(BB, B1)	04/01/11		7.625		33,162
	75	DirecTV Financing Co., Global Company Guaranteed Notes (Callable 03/15/09 @ $102.79)	(BB, Ba3)	03/15/13		8.375		75,000
	100	DirecTV Financing Co., Global Company Guaranteed Notes (callable 05/15/12 @ $103.81)	(BB, Ba3)	05/15/16		7.625		97,500
	25	EchoStar DBS Corp., Global Company Guaranteed Notes	(BB-, Ba3)	10/01/13		7.000		21,813
	175	EchoStar DBS Corp., Global Company Guaranteed Notes	(BB-, Ba3)	10/01/14		6.625		146,562
	50	EchoStar DBS Corp., Global Company Guaranteed Notes	(BB-, Ba3)	05/31/15		7.750		42,750
	50	Mediacom Broadband Corp., Global Senior Unsecured Notes (Callable 10/15/10 @ $104.25)	(B-, B3)	10/15/15		8.500		32,813
	75	Mediacom Capital Corp., Global Senior Unsecured Notes	(B-, B3)	02/15/11		7.875		58,969
	25	Mediacom Capital Corp., Global Senior Unsecured Notes (Callable 01/15/09 @ $100.00)	(B-, B3)	01/15/13		9.500		19,000
								1,040,444

See Accompanying Notes to Financial Statements.
18

Credit Suisse Global High Yield Fund

Schedule of Investments (continued)

December 31, 2008

Par (000)			Ratings† (S&P/Moody's)	Maturity	Rate%		Value
CORPORATE BONDS
Media - Services (0.5%)
$	75	Lamar Media Corp., Series C, Global Company Guaranteed Notes (Callable 08/15/10 @ $103.31)	(BB-, Ba3)	08/15/15		6.625	$	54,563
	100	WMG Acquisition Corp., Global Senior Subordinated Notes (Callable 04/15/09 @ $103.69)	(B, B3)	04/15/14		7.375		59,000
								113,563
Metals & Mining - Excluding Steel (1.2%)
	100	Aleris International, Inc., Global Company Guaranteed Notes (Callable 12/15/10 @ $104.50)	(CC+, Caa2)	12/15/14		9.000		6,500
	25	Aleris International, Inc., Global Company Guaranteed Notes (Callable 12/15/11 @ $105.00)	(CC+, Caa3)	12/15/16		10.000		4,188
	50	Freeport-McMoRan Copper & Gold, Inc., Senior Unsecured Notes (Callable 04/01/11 @ $104.13)	(BBB-, Ba2)	04/01/15		8.250		42,549
	125	Freeport-McMoRan Copper & Gold, Inc., Senior Unsecured Notes (Callable 04/01/12 @ $104.19)	(BBB-, Ba2)	04/01/17		8.375		102,642
	150	Noranda Aluminium Acquisition Corp., Global Company Guaranteed Notes (Callable 05/15/09 @ $101.00)#	(B-, B3)	05/15/15		6.595		51,750
	100	Peabody Energy Corp., Global Company Guaranteed Notes	(BB+, Ba1)	11/01/16		7.375		94,500
								302,129
Non-Food & Drug Retailers (1.3%)
	75	Asbury Automotive Group, Inc., Global Company Guaranteed Notes (Callable 03/15/12 @ $103.81)	(B-, B3)	03/15/17		7.625		35,250
	100	Brookstone Company, Inc., Global Secured Notes (Callable 10/15/09 @ $106.00)	(B, Caa1)	10/15/12		12.000		57,500
	25	Michaels Stores, Inc., Global Company Guaranteed Notes (Callable 11/01/10 @ $105.00)	(CCC, Caa1)	11/01/14		10.000		11,500
	75	Michaels Stores, Inc., Global Company Guaranteed Notes (Callable 11/01/11 @ $105.69)	(CCC, Caa2)	11/01/16		11.375		24,750
	110	Susser Holdings LLC, Global Company Guaranteed Notes (Callable 12/15/09 @ $105.31)	(B+, B3)	12/15/13		10.625		96,800
	125	The Neiman Marcus Group, Inc., Global Company Guaranteed Notes (Callable 10/15/10 @ $105.19)	(B-, B3)	10/15/15		10.375		54,375
	50	Yankee Acquisition Corp., Series B, Global Company Guaranteed Notes (Callable 02/15/11 @ $104.25)	(B-, B3)	02/15/15		8.500		23,563
	25	Yankee Acquisition Corp., Series B, Global Company Guaranteed Notes (Callable 02/15/12 @ $104.88)	(CCC+, Caa1)	02/15/17		9.750		10,625
								314,363

See Accompanying Notes to Financial Statements.
19

Credit Suisse Global High Yield Fund

Schedule of Investments (continued)

December 31, 2008

Par (000)			Ratings† (S&P/Moody's)	Maturity	Rate%		Value
CORPORATE BONDS
Oil Field Equipment & Services (1.1%)
$	100	Bristow Group, Inc., Global Company Guaranteed Notes (Callable 09/15/12 @ $103.75)	(BB, Ba2)	09/15/17		7.500	$	67,500
	75	Key Energy Services, Inc., Global Company Guaranteed Notes (Callable 12/01/11 @ $104.19)	(BB, B1)	12/01/14		8.375		49,875
	75	Parker Drilling Co., Global Company Guaranteed Notes (Callable 10/01/09 @ $103.21)	(B+, B2)	10/01/13		9.625		58,500
	100	Pride International, Inc., Global Senior Notes (Callable 07/15/09 @ $103.69)	(BB+, Ba1)	07/15/14		7.375		93,500
								269,375
Oil Refining & Marketing (0.2%)
	50	Frontier Oil Corp., Company Guaranteed Notes (Callable 09/15/12 @ $104.25)	(BB, Ba3)	09/15/16		8.500		44,375
Packaging (1.6%)
	100	Berry Plastics Holding Corp., Global Company Guaranteed Notes (Callable 03/01/11 @ $105.13)	(CCC, Caa2)	03/01/16		10.250		36,000
	65	Berry Plastics Holding Corp., Global Senior Secured Notes (Callable 09/15/10 @ $104.44)	(CCC+, Caa1)	09/15/14		8.875		28,600
	50	Constar International, Inc., Company Guaranteed Notes (Callable 12/01/09 @ $101.83)ø	(D, C)	12/01/12		11.000		1,500
	70	Crown Americas LLC, Global Senior Notes (Callable 11/15/10 @ $103.88)	(B, B1)	11/15/15		7.750		70,000
	25	Crown Cork & Seal Co., Inc., Debentures (Callable 04/15/09 @ $101.53)	(B, B2)	04/15/23		8.000		19,750
	125	Graham Packaging Company, Inc., Global Subordinated Notes (Callable 10/15/09 @ $104.94)	(CCC+, Caa1)	10/15/14		9.875		77,500
	25	Owens Brockway Glass Container, Inc., Global Company Guaranteed Notes (Callable 05/15/09 @ $102.75)	(BB, Ba3)	05/15/13		8.250		24,750
	75	Owens-Illinois, Inc., Debentures	(B+, B2)	05/15/18		7.800		67,125
	0	Pliant Corp., Global Senior Secured Notes (Callable 06/15/09 @ $100.00)1	(CCC-, NR)	06/15/09		11.625		76
	100	Solo Cup Co., Global Company Guaranteed Notes (Callable 02/15/09 @ $104.25)	(CCC, Caa2)	02/15/14		8.500		64,500
								389,801
Printing & Publishing (0.7%)
	150	Idearc, Inc., Global Company Guaranteed Notes (Callable 11/15/11 @ $104.00)	(CCC, Caa2)	11/15/16		8.000		12,000
	500	Premier Graphics, Inc., Company Guaranteed Notesø^	(NR, NR)	12/01/05		11.500		0

See Accompanying Notes to Financial Statements.
20

Credit Suisse Global High Yield Fund

Schedule of Investments (continued)

December 31, 2008

Par (000)			Ratings† (S&P/Moody's)	Maturity	Rate%		Value
CORPORATE BONDS
Printing & Publishing
$	225	R.H. Donnelley, Inc., Rule 144A, Company Guaranteed Notes (Callable 05/15/12 @ $105.88)‡	(B+, B1)	05/15/15		11.750	$	56,250
	200	The Reader's Digest Association, Inc., Global Company Guaranteed Notes (Callable 02/15/12 @ $104.50)	(CCC, Caa2)	02/15/17		9.000		18,250
	160	TL Acquisitions, Inc., Rule 144A, Senior Notes (Callable 07/15/11 @ $105.25)‡	(CCC+, Caa1)	01/15/15		10.500		66,400
	85	Valassis Communications, Inc., Global Company Guaranteed Notes (Callable 03/01/11 @ $104.13)	(B-, B3)	03/01/15		8.250		22,525
								175,425
Railroads (0.2%)
	75	Kansas City Southern Railway, Company Guaranteed Notes (Callable 06/01/12 @ $104.00)	(BB-, B2)	06/01/15		8.000		59,625
Software/Services (1.0%)
	150	First Data Corp., Global Company Guaranteed Notes (Callable 09/30/11 @ $104.94)	(B, B3)	09/24/15		9.875		91,500
	25	Lender Processing Services, Inc., Global Company Guaranteed Notes (Callable 07/01/11 @ $106.09)	(BB+, Ba2)	07/01/16		8.125		22,406
	150	SunGard Data Systems, Inc., Global Company Guaranteed Notes (Callable 08/15/10 @ $105.13)	(B-, Caa1)	08/15/15		10.250		99,750
	100	Unisys Corp., Senior Unsecured Notes	(B+, B2)	10/15/12		8.000		28,500
								242,156
Steel Producers/Products (1.0%)
	125	AK Steel Corp., Global Company Guaranteed Notes (Callable 06/15/09 @ $101.29)	(BB-, Ba3)	06/15/12		7.750		98,125
	100	Rathgibson, Inc., Global Company Guaranteed Notes (Callable 02/15/10 @ $105.62)	(B, B3)	02/15/14		11.250		22,750
	100	Ryerson, Inc., Rule 144A, Senior Secured Notes (Callable 11/01/11 @ $106.00)‡	(B+, Caa1)	11/01/15		12.000		62,250
	100	Steel Dynamics, Inc., Rule 144A, Senior Notes (Callable 04/15/12 @ $103.88)‡	(BB+, Ba2)	04/15/16		7.750		69,750
								252,875
Support - Services (3.2%)
	125	ARAMARK Corp., Global Senior Unsecured Notes (Callable 02/01/11 @ $104.25)	(B, B3)	02/01/15		8.500		113,750
	100	Ashtead Capital, Inc., Rule 144A, Senior Secured Notes (Callable 08/15/11 @ $104.50)‡	(B, B1)	08/15/16		9.000		52,000

See Accompanying Notes to Financial Statements.
21

Credit Suisse Global High Yield Fund

Schedule of Investments (continued)

December 31, 2008

Par (000)			Ratings† (S&P/Moody's)	Maturity	Rate%		Value
CORPORATE BONDS
Support - Services
$	25	DynCorp. International, Rule 144A, Company Guaranteed Notes (Callable 02/15/09 @ $104.75)‡	(B, B2)	02/15/13		9.500	$	21,969
	50	Education Management LLC, Global Company Guaranteed Notes (Callable 06/01/10 @ $104.38)	(CCC+, B2)	06/01/14		8.750		38,250
	50	Education Management LLC, Global Company Guaranteed Notes (Callable 06/01/11 @ $105.13)	(CCC+, Caa1)	06/01/16		10.250		36,500
	75	Hertz Corp., Global Company Guaranteed Notes (Callable 01/01/10 @ $104.44)	(B+, B1)	01/01/14		8.875		46,500
	50	Iron Mountain, Inc., Company Guaranteed Notes (Callable 06/15/13 @104.00)	(B+, B2)	06/15/20		8.000		40,375
	75	Iron Mountain, Inc., Company Guaranteed Notes (Callable 07/01/09 @ $102.21)	(B+, B2)	01/01/16		6.625		61,312
	75	JohnsonDiversey Holdings, Inc., Series B, Global Company Guaranteed Notes (Callable 05/15/09 @ $101.60)	(B, B2)	05/15/12		9.625		61,875
	50	JohnsonDiversey Holdings, Inc., Series B, Global Discount Notes (Callable 05/15/09 @ $101.78)	(CCC+, Caa1)	05/15/13		10.670		35,250
	100	Mobile Services Group, Inc., Global Company Guaranteed Notes (Callable 08/01/10 @ $104.88)	(B+, B2)	08/01/14		9.750		71,500
	100	Rental Service Corp., Global Company Guaranteed Notes (Callable 12/01/10 @ $104.75)	(B-, Caa1)	12/01/14		9.500		55,500
	100	Sotheby's, Rule 144A, Senior Notes‡	(BBB-, Ba3)	06/15/15		7.750		52,500
	75	Ticketmaster Entertainment,Inc., Rule 144A, Senior Notes (Callable 08/01/12 @ $105.38)‡	(BB, Ba3)	08/01/16		10.750		40,875
	105	Travelport LLC, Global Company Guaranteed Notes (Callable 09/01/10 @ $104.94)	(B, B3)	09/01/14		9.875		39,900
	50	United Rentals North America, Inc., Global Company Guaranteed Notes (Callable 02/15/09 @ $101.63)	(BB-, B1)	02/15/12		6.500		39,750
								807,806
Telecom - Integrated/Services (5.8%)
	175	Cincinnati Bell, Inc., Global Senior Subordinated Notes (Callable 01/15/09 @ $104.19)	(B-, B2)	01/15/14		8.375		135,625
	200	Frontier Communications Corp., Global Senior Unsecured Notes	(BB, Ba2)	03/15/15		6.625		147,000
	125	Hughes Network Systems LLC, Global Company Guaranteed Notes (Callable 04/15/10 @ $104.75)	(B, B1)	04/15/14		9.500		102,187
	250	Intelsat Corp., Rule 144A, Senior Unsecured Notes (Callable 08/15/09 @ $104.63)‡	(BB-, B3)	08/15/14		9.250		233,750

See Accompanying Notes to Financial Statements.
22

Credit Suisse Global High Yield Fund

Schedule of Investments (continued)

December 31, 2008

Par (000)			Ratings† (S&P/Moody's)	Maturity	Rate%		Value
CORPORATE BONDS
Telecom - Integrated/Services
$	50	Intelsat Subsidiary Holding Co., Ltd., Rule 144A, Senior Unsecured Notes (Callable 01/15/10 @ $104.44)‡	(BB-, B3)	01/15/15		8.875	$	45,750
	175	Level 3 Financing, Inc., Global Company Guaranteed Notes (Callable 02/17/09 @ $102.00)#	(CCC+, Caa1)	02/15/15		6.845		77,000
	75	Level 3 Financing, Inc., Global Company Guaranteed Notes (Callable 03/15/10 @ $106.13)	(CCC+, Caa1)	03/15/13		12.250		45,750
	125	Paetec Holding Corp., Series WI, Global Company Guaranteed Notes (Callable 07/15/11 @ $104.75)	(CCC+, Caa1)	07/15/15		9.500		75,000
	125	Qwest Communications International, Inc., Series B, Global Company Guaranteed Notes (Callable 02/15/09 @ $103.75)	(B+, Ba3)	02/15/14		7.500		90,000
	240	Qwest Corp., Global Senior Unsecured Notes	(BBB-, Ba1)	06/15/15		7.625		198,000
	100	Time Warner Telecom Holdings, Inc., Global Company Guaranteed Notes (Callable 02/15/09 @ $104.62)	(CCC+, B3)	02/15/14		9.250		82,500
	25	Windstream Corp., Global Company Guaranteed Notes	(BB, Ba3)	08/01/13		8.125		23,125
	200	Windstream Corp., Global Company Guaranteed Notes (Callable 08/01/11 @ $104.31)	(BB, Ba3)	08/01/16		8.625		178,000
								1,433,687
Telecom - Wireless (3.1%)
	75	Centennial Communications Corp., Global Company Guaranteed Notes (Callable 06/15/09 @ $103.38)	(B, B2)	06/15/13		10.125		76,125
	100	Cricket Communications, Inc., Global Company Guaranteed Notes (Callable 11/01/10 @ $104.69)	(B-, B3)	11/01/14		9.375		90,500
	145	MetroPCS Wireless, Inc., Global Company Guaranteed Notes (Callable 11/01/10 @ $104.63)	(B, Caa1)	11/01/14		9.250		130,500
	450	Nextel Communications, Inc., Series F, Company Guaranteed Notes (Callable 03/15/09 @ $102.98)	(BB, Ba2)	03/15/14		5.950		189,171
	410	Sprint Nextel Corp., Senior Unsecured Notes	(BB, Ba2)	12/01/16		6.000		289,464
								775,760
Textiles & Apparel (0.5%)
	100	Levi Strauss & Co., Global Senior Notes (Callable 01/15/10 @ $104.88)	(B+, B2)	01/15/15		9.750		74,500
	75	Phillips-Van Heusen Corp., Global Senior Unsecured Notes (Callable 05/01/09 @ $102.71)	(BB+, Ba3)	05/01/13		8.125		62,250
								136,750

See Accompanying Notes to Financial Statements.
23

Credit Suisse Global High Yield Fund

Schedule of Investments (continued)

December 31, 2008

Par (000)			Ratings† (S&P/Moody's)	Maturity	Rate%		Value
CORPORATE BONDS
Theaters & Entertainment (0.4%)
$	150	AMC Entertainment, Inc., Global Senior Subordinated Notes (Callable 03/01/09 @ $104.00)	(CCC+, B2)	03/01/14		8.000	$	93,000
Transportation - Excluding Air/Rail (0.4%)
	175	Navios Maritime Holdings, Inc., Global Company Guaranteed Notes (Callable 12/15/10 @ $104.75)	(B+, B3)	12/15/14		9.500		98,000
TOTAL CORPORATE BONDS (Cost $29,953,260)								20,101,912
FOREIGN BONDS (7.6%)
Aerospace & Defense (0.5%)
	150	Bombardier, Inc., Rule 144A, Senior Unsecured Notes (Canada)‡	(BB+, Ba2)	05/01/14		6.300		124,125
Chemicals (0.0%)
	100	LyondellBasell Industries AF SCA, Rule 144A, Senior Secured Notes (Callable 08/15/10 @ $104.19) (Luxembourg)‡	(C, Ca)	08/15/15		8.375		3,000
Electronics (0.9%)
	100	Avago Technologies Finance, Global Company Guaranteed Notes (Callable 12/01/10 @ $105.94) (Singapore)	(B, B3)	12/01/15		11.875		70,000
	100	Celestica, Inc., Senior Subordinated Notes (Callable 07/01/09 @ $101.97) (Canada)	(B, B3)	07/01/11		7.875		91,500
	150	NXP BV/NXP Funding LLC, Global Senior Secured Notes (Callable 10/15/10 @ $103.94) (Netherlands)	(CCC, Caa1)	10/15/14		7.875		59,250
								220,750
Energy - Exploration & Production (0.2%)
	75	OPTI Canada, Inc., Global Senior Secured Notes (Callable 12/15/10 @ $104.13) (Canada)	(BB, B2)	12/15/14		8.250		40,875
Forestry & Paper (0.4%)
	250	Abitibi-Consolidated Co. of Canada, Global Company Guaranteed Notes (Canada)	(CCC-, Caa2)	06/15/11		7.750		23,750
	125	Smurfit Kappa Funding PLC, Global Senior Subordinated Notes (Callable 01/31/10 @ $103.88) (Ireland)	(B+, B2)	04/01/15		7.750		68,750
								92,500
Gaming (0.4%)
	150	Codere Finance Luxembourg SA, Rule 144A, Senior Secured Notes (Callable 06/15/10 @ $104.13) (Luxembourg)‡	(B+, B2)	06/15/15		8.250		103,211

See Accompanying Notes to Financial Statements.
24

Credit Suisse Global High Yield Fund

Schedule of Investments (continued)

December 31, 2008

Par (000)			Ratings† (S&P/Moody's)	Maturity	Rate%		Value
FOREIGN BONDS
Media - Cable (1.2%)
$	125	Unitymedia GmbH, Rule 144A, Senior Secured Notes (Callable 02/15/10 @ $105.06) (Germany)‡	(B, Caa1)	02/15/15		10.125	$	146,824
	150	Virgin Media Finance PLC, Global Company Guaranteed Notes (Callable 04/15/09 @ $104.88) (United Kingdom)	(B-, B2)	04/15/14		9.750		155,277
								302,101
Media - Diversified (0.4%)
	125	Quebecor Media, Inc., Global Senior Unsecured Notes (Callable 03/15/11 @ $103.88) (Canada)	(B, B2)	03/15/16		7.750		85,000
Oil Refining & Marketing (0.3%)
	125	Petroplus Finance, Ltd., Rule 144A, Company Guaranteed Notes (Callable 05/01/11 @ $103.38) (Bermuda)‡	(BB-, B1)	05/01/14		6.750		80,000
Packaging (0.5%)
	60	Gerresheimer Holdings GmbH, Rule 144A, Company Guaranteed Notes (Callable 02/15/10 @ 103.94) (Germany)‡	(BB, B1)	03/01/15		7.875		77,565
	50	Impress Holdings BV, Rule 144A, Company Guaranteed Notes (Callable 09/15/09 @ $109.25) (Netherlands)‡	(B-, B3)	09/15/14		9.250		45,176
								122,741
Pharmaceuticals (0.2%)
	25	Elan Finance Corp., Global Company Guaranteed Notes (Callable 11/15/09 @ $101.94) (Ireland)	(B, B3)	11/15/11		7.750		14,875
	75	Elan Finance Corp., Global Company Guaranteed Notes (Callable 12/01/10 @ $104.44) (Ireland)	(B, B3)	12/01/13		8.875		39,375
								54,250
Support-Services (0.3%)
	150	Carlson Wagonlit BV, Rule 144A, Company Guaranteed Notes (Callable 11/01/09 @ $101.00) (Netherlands)‡#	(B-, B3)	05/01/15		10.544		82,361
Telecom - Integrated/Services (1.4%)
	150	BCM Ireland Finance, Ltd., Rule 144A, Senior Secured Notes (Callable 8/15//09 @ $100.00) (Ireland)#‡	(B-, B3)	08/15/16		9.245		105,296
	175	Global Crossing UK Finance, Global Company Guaranteed Notes (Callable 12/15/09 @ $105.38) (United Kingdom)	(B-, B3)	12/15/14		10.750		124,250
	100	Hellas Telecommunications II SCA, Rule 144A, Company Guaranteed Notes (Callable 01/15/09 @ $101.00) (Luxembourg)#‡	(CCC, Caa2)	01/15/15		10.503		20,500

See Accompanying Notes to Financial Statements.
25

Credit Suisse Global High Yield Fund

Schedule of Investments (continued)

December 31, 2008

Par (000)			Ratings† (S&P/Moody's)	Maturity	Rate%		Value
FOREIGN BONDS
Telecom - Integrated/Services
$	100	Nordic Telephone Co. Holdings ApS, Rule 144A, Senior Secured Notes (Callable 05/01/09 @ $100.00) (Denmark)‡#	(B+, B2)	05/01/16		10.294	$	94,524
								344,570
Telecommunications Equipment (0.1%)
	125	Nortel Networks, Ltd., Rule 144A, Company Guaranteed Notes (Callable 07/15/11 @ $105.38) (Canada)‡	(B-, Caa2)	07/15/16		10.750		33,750
Textiles & Apparel (0.4%)
	200	IT Holding Finance SA, Rule 144A, Company Guaranteed Notes (Luxembourg)‡	(C, Ca)	11/15/12		9.875		94,523
Transportation - Excluding Air/Rail (0.4%)
	150	Ship Finance International, Ltd., Global Company Guaranteed Notes (Callable 12/15/09 @ $102.83) (Bermuda)	(B+, B1)	12/15/13		8.500		107,250
TOTAL FOREIGN BONDS (Cost $3,469,335)								1,891,007
Number of Shares
COMMON STOCK (0.0%)
Automobile Parts & Equipment (0.0%)
	588	Safelite Realty Corp.*^ (Cost $0)						5,557
PREFERRED STOCK (0.2%)
Diversified Financials (0.2%)
	155	Preferred Blocker, Inc., Rule 144A (Callable 12/31/11 @ $1,000)*‡ (Cost $36,150)						36,150
WARRANTS (0.0%)
Telecom - Wireless (0.0%)
	500	iPCS, Inc., Rule 144A, strike price $5.50 expires 07/15/10*^‡ (Cost $0)						0
SHORT-TERM INVESTMENTS (8.6%)
	97,668	State Street Navigator Prime Portfolio§§						97,668
Par (000)
$	2,050	State Street Bank and Trust Co. Euro Time Deposit		01/02/09		0.010		2,050,000
TOTAL SHORT-TERM INVESTMENTS (Cost $2,147,668)								2,147,668
TOTAL INVESTMENTS AT VALUE (97.2%) (Cost $35,606,413)								24,182,294
OTHER ASSETS IN EXCESS OF LIABILITIES (2.8%)								686,717
NET ASSETS (100.0%)							$	24,869,011

See Accompanying Notes to Financial Statements.
26

Credit Suisse Global High Yield Fund

Schedule of Investments (continued)

December 31, 2008

INVESTMENT ABBREVIATION

NR = Not Rated

†  Credit ratings given by the Standard & Poor's Division of The McGraw-Hill Companies, Inc. ("S&P") and Moody's Investors Service, Inc. ("Moody's") are unaudited.

‡  Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At December 31, 2008, these securities amounted to a value of $4,728,687 or 19.0% of net assets.

+  Step Bond — The interest rate is as of December 31, 2008 and will reset at a future date.

*  Non-income producing security.

^  Not readily marketable security; security is valued at fair value as determined in good faith by, or under the direction of, the Board of Directors.

#  Variable rate obligations — The interest rate is the rate as of December 31, 2008.

§  Security or portion thereof is out on loan.

§§  Represents security purchased with cash collateral received for securities on loan.

ø  Bond is currently in default.

¹  Par value of security held is less than 1,000.

See Accompanying Notes to Financial Statements.
27

Credit Suisse Global High Yield FundStatement of Assets and Liabilities
December 31, 2008

Assets
Investments at value, including collateral for securities on loan of $97,668 (Cost $35,606,413) (Note 2)	$	24,182,2941
Cash		29
Foreign currency at value (cost $53,487)		57,928
Receivable for investments sold		802,130
Interest receivable		704,166
Unrealized appreciation on forward currency contracts (Note 2)		54,663
Receivable from investment adviser (Note 3)		12,691
Receivable for fund shares sold		12,415
Prepaid expenses and other assets		20,810
Total Assets		25,847,126
Liabilities
Administrative services fee payable (Note 3)		13,980
Payable for investments purchased		601,176
Payable for fund shares redeemed		186,826
Payable upon return of securities loaned (Note 2)		97,668
Unrealized depreciation on forward currency contracts (Note 2)		19,668
Dividend payable		4,660
Directors' fee payable		1,974
Other accrued expenses payable		52,163
Total Liabilities		978,115
Net Assets
Capital stock, $.001 par value (Note 6)		3,902
Paid-in capital (Note 6)		84,600,108
Undistributed net investment income		25,090
Accumulated net realized loss on investments and foreign currency transactions		(48,375,496	)
Net unrealized depreciation on investments and foreign currency translations		(11,384,593	)
Net Assets	$	24,869,011
Shares outstanding		3,901,933
Net asset value, offering price, and redemption price per share	$	6.37

¹  Including $95,125 of securities on loan.

See Accompanying Notes to Financial Statements.
28

Credit Suisse Global High Yield FundStatement of Operations
For the Year Ended December 31, 2008

Investment Income (Note 2)
Interest	$	3,167,938
Securities lending		63,991
Total investment income		3,231,929
Expenses
Investment advisory fees (Note 3)		230,934
Administrative services fees (Note 3)		67,198
Printing fees (Note 3)		37,668
Audit and tax fees		34,250
Legal fees		28,530
Registration fees		22,381
Directors' fees		17,285
Custodian fees		11,105
Transfer agent fees		4,669
Interest expense (Note 4)		2,420
Insurance expense		1,053
Commitment fees (Note 4)		419
Miscellaneous expense		8,986
Total expenses		466,898
Less: fees waived and expenses reimbursed (Note 3)		(235,964	)
Net expenses		230,934
Net investment income		3,000,995
Net Realized and Unrealized Gain (Loss) from Investments and Foreign Currency Related Items
Net realized loss from investments		(2,991,340	)
Net realized gain from foreign currency transactions		49,599
Net change in unrealized appreciation (depreciation) from investments		(9,144,266	)
Net change in unrealized appreciation (depreciation) from foreign currency translations		86,886
Net realized and unrealized loss from investments and foreign currency related items		(11,999,121	)
Net decrease in net assets resulting from operations	$	(8,998,126	)

See Accompanying Notes to Financial Statements.
29

Credit Suisse Global High Yield FundStatements of Changes in Net Assets

	For the Year Ended December 31, 2008			For the Year Ended December 31, 2007
From Operations
Net investment income	$	3,000,995		$	3,098,598
Net realized loss from investments, swap contracts and foreign currency transactions		(2,941,741	)		(87,764	)
Net change in unrealized appreciation (depreciation) from investments and foreign currency translations		(9,057,380	)		(1,865,788	)
Net increase (decrease) in net assets resulting from operations		(8,998,126	)		1,145,046
From Dividends
Dividends from net investment income		(3,005,159	)		(3,262,980	)
Net decrease in net assets resulting from dividends		(3,005,159	)		(3,262,980	)
From Capital Share Transactions (Note 6)
Proceeds from sale of shares		13,839,556			10,229,579
Reinvestment of dividends		2,877,664			3,102,612
Net asset value of shares redeemed		(17,681,030	)1		(17,489,646	)2
Net decrease in net assets from capital share transactions		(963,810	)		(4,157,455	)
Net decrease in net assets		(12,967,095	)		(6,275,389	)
Net Assets
Beginning of year		37,836,106			44,111,495
End of year	$	24,869,011		$	37,836,106
Undistributed net investment income (loss)	$	25,090		$	(319,301	)

¹  Net of $28,193 of redemption fees retained by the Fund.

²  Net of $297 of redemption fees retained by the Fund.

See Accompanying Notes to Financial Statements.
30

Credit Suisse Global High Yield Fund
Financial Highlights
(For an Institutional Class Share of the Fund Outstanding Throughout Each Period)

	For the Year Ended December 31,												For the Period September 1, 2004 to			For the Year Ended August 31,
	2008			2007			2006			2005			December 31, 20041			2004
Per share data
Net asset value, beginning of period	$	9.57		$	10.19		$	9.96		$	10.65		$	10.38		$	10.26
INVESTMENT OPERATIONS
Net investment income		0.79			0.85			0.79			0.81			0.31			1.01
Net gain (loss) on investments and foreign currency related items (both realized and unrealized)		(3.19	)		(0.57	)		0.19			(0.55	)		0.55			0.72
Total from investment operations		(2.40	)		0.28			0.98			0.26			0.86			1.73
LESS DIVIDENDS
Dividends from net investment income		(0.80	)		(0.90	)		(0.75	)		(0.95	)		(0.59	)		(1.61	)
Net asset value, end of period	$	6.37		$	9.57		$	10.19		$	9.96		$	10.65		$	10.38
Total return2		(26.51	)%		2.61	%		10.21	%		2.58	%		8.43	%		18.27	%
RATIOS AND SUPPLEMENTAL DATA
Net assets, end of period (000s omitted)	$	24,869		$	37,836		$	44,111		$	29,248		$	34,842		$	32,675
Ratio of expenses to average net assets		0.70	%		0.70	%		0.70	%		0.70	%		0.70	%3		0.70	%
Ratio of net investment income to average net assets		9.10	%		8.04	%		7.52	%		7.96	%		8.30	%3		8.74	%
Decrease reflected in above operating expense ratios due to waivers/reimbursements		0.72	%		0.54	%		0.61	%		0.68	%		0.91	%3		0.95	%
Portfolio turnover rate		36	%		46	%		69	%		71	%		5	%		30	%

¹  The Fund changed its fiscal year end from August 31 to December 31.

²  Total returns are historical and assume changes in share price and reinvestment of all dividends and distributions. Had certain expenses not been reduced during the periods shown, total returns would have been lower. Total returns for periods less than one year are not annualized.

³  Annualized.

See Accompanying Notes to Financial Statements.
31

Credit Suisse Global High Yield FundNotes to Financial Statements
December 31, 2008

Note 1. Organization

Credit Suisse Global High Yield Fund, Inc. (the "Fund") is registered under the Investment Company Act of 1940, as amended (the "1940 Act"), as a diversified, open-end management investment company that seeks high total return. The Fund was incorporated under the laws of the State of Maryland on July 31, 1998.

The Fund is authorized to offer three classes of shares: Common Class shares, Advisor Class shares and Institutional Class shares. The Fund currently offers only Institutional Class shares.

Note 2. Significant Accounting Policies

A) SECURITY VALUATION — The net asset value of the Fund is determined daily as of the close of regular trading on the New York Stock Exchange, Inc. (the "Exchange") on each day the Exchange is open for business. Debt securities with a remaining maturity greater than 60 days are valued in accordance with the price supplied by a pricing service, which may use a matrix, formula or other objective method that takes into consideration market indices, yield curves and other specific adjustments. Debt obligations that will mature in 60 days or less are valued on the basis of amortized cost, which approximates market value, unless it is determined that using this method would not represent fair value. Equity investments are valued at market value, which is generally determined using the closing price on the exchange or market on which the security is primarily traded at the time of valuation (the "Valuation Time"). If no sales are reported, equity investments are generally valued at the most recent bid quotation as of the Valuation Time or at the lowest asked quotation in the case of a short sale of securities. Investments in mutual funds are valued at the mutual fund's closing net asset value per share on the day of valuation. Securities and other assets for which market quotations are not readily available, or whose values have been materially affected by events occurring before the Fund's Valuation Time but after the close of the securities' primary markets, are valued at fair value as determined in good faith by, or under the direction of, the Board of Directors under procedures established by the Board of Directors. The Fund may utilize a service provided by an independent third party which has been approved by the Board of Directors to fair value certain securities. When fair-value pricing is employed, the prices of securities used by a fund to calculate its net asset value may differ from quoted or published prices for the same securities.

The Fund adopted Financial Accounting Standards Board Statement of Financial Accounting Standards No. 157, Fair Value Measurements ("FAS 157"),

32

Credit Suisse Global High Yield FundNotes to Financial Statements (continued)
December 31, 2008

Note 2. Significant Accounting Policies

effective January 1, 2008. In accordance with FAS 157, fair value is defined as the price that the Fund would receive upon selling an investment in a timely transaction to an independent buyer in the principal or most advantageous market of the investment. FAS 157 established a three-tier hierarchy to maximize the use of observable market data and minimize the use of unobservable inputs and to establish classification of fair value measurements for disclosure purposes. Inputs refer broadly to the assumptions that market participants would use in pricing the asset or liability, including assumptions about risk, for example, the risk inherent in a particular valuation technique used to measure fair value including such a pricing model and/or the risk inherent in the inputs to the valuation technique. Inputs may be observable or unobservable. Observable inputs are inputs that reflect the assumptions market participants would use in pricing the asset or liability developed based on market data obtained from sources independent of the reporting entity. Unobservable inputs are inputs that reflect the reporting entity's own assumptions about the assumptions market participants would use in pricing the asset or liability developed based on the best information available in the circumstances. The three-tier hierarchy of inputs is summarized in the three broad Levels listed below.

•  Level 1 – quoted prices in active markets for identical investments

•  Level 2 – other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.)

•    Level 3 – significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments)

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

The following is a summary of the inputs used as of December 31, 2008 in valuing the Fund's investments carried at value:

Valuation Inputs	Investments in Securities		Other Financial Instruments*
Level 1 – Quoted Prices	$	97,668	$	34,995
Level 2 – Other Significant Observable Inputs		24,062,339		—
Level 3 – Significant Unobservable Inputs		22,287		—
Total	$	24,182,294	$	34,995

*Other financial instruments include futures, forwards and swap contracts.

As of December 31, 2008, the amounts shown by the Fund as being Level 3 securities that were measured at fair value amounted to 0.09% of net assets.

33

Credit Suisse Global High Yield FundNotes to Financial Statements (continued)
December 31, 2008

Note 2. Significant Accounting Policies

B) FOREIGN CURRENCY TRANSACTIONS — The books and records of the Fund are maintained in U.S. dollars. Transactions denominated in foreign currencies are recorded at the current prevailing exchange rates. All assets and liabilities denominated in foreign currencies are translated into U.S. dollar amounts at the current exchange rate at the end of the period. Translation gains or losses resulting from changes in the exchange rate during the reporting period and realized gains and losses on the settlement of foreign currency transactions are reported in the results of operations for the current period. The Fund does not isolate that portion of realized gains and losses on investments in equity securities which is due to changes in the foreign exchange rate from that which is due to changes in market prices of equity securities. The Fund isolates that portion of realized gains and losses on investments in debt securities which is due to changes in the foreign exchange rate from that which is due to changes in market prices of debt securities.

C) SECURITY TRANSACTIONS AND INVESTMENT INCOME — Security transactions are accounted for on a trade date basis. Interest income is recorded on the accrual basis. The Fund amortizes premiums and accretes discounts using the effective interest method. Dividends are recorded on the ex-dividend date. The cost of investments sold is determined by use of the specific identification method for both financial reporting and income tax purposes.

D) DIVIDENDS AND DISTRIBUTIONS TO SHAREHOLDERS — Dividends from net investment income are declared and paid quarterly. Distributions of net realized capital gains, if any, are declared and paid at least annually. However, to the extent that a net realized capital gain can be reduced by a capital loss carryforward, such gain will not be distributed. Income and capital gain distributions are determined in accordance with federal income tax regulations, which may differ from accounting principles generally accepted in the United States of America ("GAAP").

E) FEDERAL INCOME TAXES — No provision is made for federal taxes as it is the Fund's intention to continue to qualify for and elect the tax treatment applicable to regulated investment companies under the Internal Revenue Code of 1986, as amended, and to make the requisite distributions to its shareholders, which will be sufficient to relieve it from federal income and excise taxes.

During June 2006, the Financial Accounting Standards Board ("FASB") issued FASB Interpretation 48 ("FIN 48" or the "Interpretation"), Accounting for Uncertainty in Income Taxes — an interpretation of FASB statement 109. The Fund has reviewed its current tax positions and has determined that no provision for

34

Credit Suisse Global High Yield FundNotes to Financial Statements (continued)
December 31, 2008

Note 2. Significant Accounting Policies

income tax is required in the Fund's financial statements. The Fund's federal tax returns for the prior three fiscal years remain subject to examination by the Internal Revenue Service.

F) USE OF ESTIMATES — The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of income and expenses during the reporting period. Actual results could differ from these estimates.

G) SHORT-TERM INVESTMENTS — The Fund, together with other funds/portfolios advised by Credit Suisse Asset Management, LLC ("Credit Suisse"), an indirect, wholly-owned subsidiary of Credit Suisse Group AG, pools available cash into either a short-term variable rate time deposit issued by State Street Bank and Trust Company ("SSB"), the Fund's custodian, or a money market fund advised by Credit Suisse. The short-term time deposit issued by SSB is a variable rate account classified as a short-term investment.

H) FORWARD FOREIGN CURRENCY CONTRACTS — The Fund may enter into forward foreign currency contracts for the purchase or sale of a specific foreign currency at a fixed price on a future date. Risks may arise upon entering into these contracts from the potential inability of counterparties to meet the terms of their contracts and from unanticipated movements in the value of a foreign currency. The Fund will enter into forward foreign currency contracts primarily for hedging purposes. Forward foreign currency contracts are adjusted by the daily forward exchange rate of the underlying currency and any gains or losses are recorded for financial statement purposes as unrealized until the contract settlement date or an offsetting position is entered into. At December 31, 2008, the Fund had the following open forward foreign currency contracts:

Forward Foreign Currency to be Purchased (Local)		Forward Foreign Currency to be Sold (Local)		Expiration Date	Value on Settlement Date			Current Value			Unrealized Appreciation/ (Depreciation)
Open Forward Foreign Currency Contracts with Unrealized Appreciation
EUR	194,500	USD	250,073	01/09/09	$	250,073		$	270,316		$	20,243
USD	195,789	GBP	112,250	01/09/09		(195,789	)		(161,369	)		34,420
	Total										$	54,663
Open Forward Foreign Currency Contracts with Unrealized Depreciation
USD	1,065,070	EUR	780,500	01/09/09	$	(1,065,070	)	$	(1,084,738	)	$	(19,668	)
	Total										$	(19,668	)

Currency Abbreviations:

EUR = Euro Currency

GBP = British Pound

USD = United States Dollar

35

Credit Suisse Global High Yield FundNotes to Financial Statements (continued)
December 31, 2008

Note 2. Significant Accounting Policies

I) SECURITIES LENDING — Loans of securities are required at all times to be secured by collateral at least equal to 102% of the market value of domestic securities on loan (including any accrued interest thereon) and 105% of the market value of foreign securities on loan (including any accrued interest thereon). Cash collateral received by the Fund in connection with securities lending activity may be pooled together with cash collateral for other funds/portfolios advised by Credit Suisse and may be invested in a variety of investments, including certain Credit Suisse-advised funds, funds advised by SSB, the Fund's securities lending agent, or money market instruments. However, in the event of default or bankruptcy by the other party to the agreement, realization and/or retention of the collateral may be subject to legal proceedings.

SSB has been engaged by the Fund to act as the Fund's securities lending agent. The Fund's securities lending arrangement provides that the Fund and SSB will share the net income earned from securities lending activities. During the year ended December 31, 2008, total earnings from the Fund's investment in cash collateral received in connection with securities lending arrangements was $246,438, of which $166,674 was rebated to borrowers (brokers). The Fund retained $63,991 in income from the cash collateral investment, and SSB, as lending agent, was paid $15,773. The Fund may also be entitled to certain minimum amounts of income from its securities lending activities. Securities lending income is accrued as earned.

J) OTHER — Lower-rated debt securities (commonly known as "junk bonds") possess speculative characteristics and are subject to greater market fluctuations and risk of lost income and principal than higher-rated debt securities for a variety of reasons. Also, during an economic downturn or substantial period of rising interest rates, highly leveraged issuers may experience financial stress which would adversely affect their ability to service their principal and interest payment obligations, to meet projected business goals and to obtain additional financing.

In addition, periods of economic uncertainty and changes can be expected to result in increased volatility of market prices of lower-rated debt securities and (to the extent the Fund invests in junk bonds) the Fund's net asset value.

The Fund may invest in securities of foreign countries and governments which involve certain risks in addition to those inherent in domestic investments. Such risks generally include, among others, currency risk (fluctuations in currency exchange rates), information risk (key information may be inaccurate or unavailable) and political risk (expropriation, nationalization or the imposition of capital or currency controls or punitive taxes). Other risks of investing in foreign securities include liquidity and valuation risks.

36

Credit Suisse Global High Yield FundNotes to Financial Statements (continued)
December 31, 2008

Note 2. Significant Accounting Policies

The Fund may be subject to taxes imposed by countries in which it invests with respect to its investments in issuers existing or operating in such countries. Such taxes are generally based on income earned or repatriated and capital gains realized on the sale of such investments. The Fund accrues such taxes when the related income is earned or gains are realized.

Note 3. Transactions with Affiliates and Related Parties

Credit Suisse serves as investment adviser for the Fund. For its investment advisory services, Credit Suisse is entitled to receive a fee from the Fund at an annual rate of 0.70% of the Fund's average daily net assets. For the year ended December 31, 2008, investment advisory fees earned, voluntarily waived and expenses reimbursed were $230,934, $230,934 and $5,030, respectively. Credit Suisse will not recapture from the Fund any fees it waived or expenses reimbursed during the year ended December 31, 2008. Fee waivers and reimbursements are voluntary and may be discontinued by Credit Suisse at any time.

Credit Suisse Asset Management Securities, Inc. ("CSAMSI"), an affiliate of Credit Suisse, and SSB serve as co-administrators to the Fund. No compensation is payable by the Fund to CSAMSI for co-administrative services.

For its co-administrative services, SSB receives a fee, exclusive of out-of-pocket expenses, calculated in total for all the Credit Suisse funds/portfolios co-administered by SSB and allocated based upon the relative average net assets of each fund/portfolio, subject to an annual minimum fee. For the year ended December 31, 2008, co-administrative services fees earned by SSB (including out-of-pocket expenses) were $67,198.

In addition to serving as the Fund's co-administrator, CSAMSI currently serves as distributor of the Fund's shares without compensation.

Merrill Corporation ("Merrill"), an affiliate of Credit Suisse, has been engaged by the Fund to provide certain financial printing and fulfillment services. For the year ended December 31, 2008, Merrill was paid $32,172 for its services to the Fund.

Note 4. Line of Credit

The Fund, together with other funds/portfolios advised by Credit Suisse (collectively, the "Participating Funds"), participates in a $50 million committed, unsecured line of credit facility ("Credit Facility") for temporary or

37

Credit Suisse Global High Yield FundNotes to Financial Statements (continued)
December 31, 2008

Note 4. Line of Credit

emergency purposes with SSB. Under the terms of the Credit Facility, the Participating Funds pay an aggregate commitment fee at a rate of 0.10% per annum on the average unused amount of the Credit Facility, which is allocated among the Participating Funds in such manner as is determined by the governing Boards of the Participating Funds. In addition, the Participating Funds pay interest on borrowings at the Federal Funds rate plus 0.50%. At December 31, 2008, the Fund had no loans outstanding under the Credit Facility. During the year ended December 31, 2008, the Fund had borrowings under the Credit Facility as follows:

Average Daily Loan Balance		Weighted Average Interest Rate %			Maximum Daily Loan Outstanding
$	935,816		2.450	%	$	4,304,500

Note 5. Purchases and Sales of Securities

For the year ended December 31, 2008, purchases and sales of investment securities (excluding short-term investments) were $11,474,055 and $10,886,447, respectively.

Note 6. Capital Share Transactions

The Fund is authorized to issue three billion full and fractional shares of capital stock, $.001 par value per share. Transactions in capital shares for the Fund were as follows:

	For the Year Ended December 31, 2008			For the Year Ended December 31, 2007
Shares sold		1,651,201			1,002,345
Shares issued in reinvestment of dividends		363,403			310,686
Shares redeemed		(2,064,276	)		(1,688,205	)
Net decrease		(49,672	)		(375,174	)

The Fund imposes a 2% redemption fee on shares currently being offered that are purchased on or after March 1, 2007 and redeemed or exchanged within 30 days from the date of purchase. Reinvested dividends and distributions are not subject to the fee. The fee is charged based on the value of shares at redemption, is paid directly to the Fund and becomes part of the Fund's daily net asset value calculation. When shares are redeemed that are subject to the fee, reinvested dividends and distributions are redeemed first, followed by the shares held longest.

38

Credit Suisse Global High Yield FundNotes to Financial Statements (continued)
December 31, 2008

Note 6. Capital Share Transactions

On December 31, 2008, the number of shareholders that held 5% or more of the outstanding shares of the Fund was as follows:

Number of Shareholders		Approximate Percentage of Outstanding Shares
	2		92	%

Some of the shareholders are omnibus accounts, which hold shares on behalf of individual shareholders.

Note 7. Federal Income Taxes

Income and capital gain distributions are determined in accordance with federal income tax regulations, which may differ from GAAP.

The tax characteristics of dividends paid during the years ended December 31, 2008 and 2007, respectively, by the Fund were as follows:

Ordinary Income
2008		2007
$	3,005,159	$	3,262,980

The tax basis components of distributable earnings differ from the amounts reflected in the Statement of Assets and Liabilities by temporary book/tax differences. These differences are primarily due to losses deferred on wash sales, security lending transactions, income from defaulted bonds, deferral of post-October losses and mark to market of forward contracts.

At December 31, 2008, the components of distributable earnings on a tax basis were as follows:

Undistributed net investment income	$	66,588
Accumulated realized loss		(47,656,203	)
Unrealized depreciation		(11,572,900	)
Deferral of post-October capital losses		(567,946	)
Deferral of post-October currency losses		(4,538	)
	$	(59,734,999	)

At December 31, 2008, the Fund had capital loss carryforwards available to offset possible future capital gains as follows:

Expires December 31,
2009		2010		2011		2012		2013		2014		2015		2016
$	9,989,083	$	24,516,347	$	5,397,886	$	2,626,651	$	940,567	$	1,166,759	$	297,542	$	2,721,368

During the tax year ended December 31, 2008, the Fund did not utilize any of the capital loss carryforward.

39

Credit Suisse Global High Yield FundNotes to Financial Statements (continued)
December 31, 2008

Note 7. Federal Income Taxes

It is uncertain whether the Fund will be able to realize the benefits of the capital loss carryforward before they expire.

At December 31, 2008, the identified cost for federal income tax purposes, as well as the gross unrealized appreciation from investments for those securities having an excess of value over cost, gross unrealized depreciation from investments for those securities having an excess of cost over value and the net unrealized depreciation from investments were $35,759,724, $10,327, $(11,587,757) and $(11,577,430), respectively.

At December 31, 2008, the Fund reclassified $348,555 to undistributed net investment income from accumulated net realized loss to adjust for current period permanent book/tax differences which arose principally from differing book/tax treatments of foreign currency transactions, exchange offer and realized gain/(loss) on the sale of defaulted bonds. Net assets were not affected by these reclassifications.

Note 8. Contingencies

In the normal course of business, the Fund may provide general indemnifications pursuant to certain contracts and organizational documents. The Fund's maximum exposure under these arrangements is dependent on future claims that may be made against the Fund and, therefore, cannot be estimated; however, based on experience, the risk of loss from such claims is considered remote.

Note 9. Recent Accounting Pronouncements

In March 2008, FASB issued Statement of Financial Accounting Standards No. 161, Disclosures about Derivative Instruments and Hedging Activities ("FAS 161"), an amendment of FASB Statement No. 133. FAS 161 requires enhanced disclosures about (a) how and why an entity uses derivative instruments, (b) how derivative instruments and hedging activities are accounted for, and (c) how derivative instruments and related hedging activities affect a fund's financial position, financial performance, and cash flows. Management of the Fund does not believe the adoption of FAS 161 will materially impact the financial statement amounts, but will require additional disclosures. This will include qualitative and quantitative disclosures on derivative positions existing at period end and the effect of using derivatives during the reporting period. FAS 161 is effective for financial statements issued for fiscal years and interim periods beginning after November 15, 2008.

40

Credit Suisse Global High Yield Fund
Report of Independent Registered Public Accounting Firm

To the Board of Directors and Shareholders of
Credit Suisse Global High Yield Fund, Inc.:

In our opinion, the accompanying statement of assets and liabilities, including the schedule of investments, and the related statements of operations and of changes in net assets and the financial highlights present fairly, in all material respects, the financial position of Credit Suisse Global High Yield Fund, Inc., (hereafter referred to as the "Fund") at December 31, 2008, the results of its operations for the year then ended and the changes in its net assets and financial highlights for the periods presented, in conformity with accounting principles generally accepted in the United States of America. These financial statements and financial highlights (hereafter referred to as "financial statements") are the responsibility of the Fund's management. Our responsibility is to express an opinion on these financial statements based on our audits. We conducted our audits of these financial statements in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. We believe that our audit, which included confirmation of securities at December 31, 2008 by correspondence with the custodian and brokers, provides a reasonable basis for our opinion.

PricewaterhouseCoopers LLP

Baltimore, Maryland
February 24, 2009

41

Credit Suisse Global High Yield Fund
Board Approval of Advisory Agreement (unaudited)

In approving the renewal of the current Advisory Agreement, the Board of Directors, including the Independent Directors, at a meeting held on November 18 and 19, 2008, considered the following factors with respect to the Global High Yield Fund (the "Fund"):

Investment Advisory Fee Rates

The Board reviewed and considered the contractual advisory fee rate of 0.70% for the Fund ("Contractual Advisory Fee") in light of the extent and quality of the advisory services provided by Credit Suisse Asset Management, LLC ("Credit Suisse"). The Board also reviewed and considered the fee waivers and/or expense reimbursement arrangements currently in place for the Fund and considered the actual fee rate of 0.27% paid by the Fund after taking waivers and expense reimbursements into account ("Net Advisory Fee"). The Board acknowledged that voluntary fee waivers and reimbursements could be discontinued at any time.

Additionally, the Board received and considered information comparing the Fund's Contractual Advisory Fee, Net Advisory Fee and the Fund's overall expenses with those of funds in both the relevant expense group ("Expense Group") and universe of funds ("Expense Universe") provided by Lipper Inc., an independent provider of investment company data.

Nature, Extent and Quality of the Services under the Advisory Agreement

The Board received and considered information regarding the nature, extent and quality of services provided to the Fund by Credit Suisse under the Advisory Agreement. The Board also noted information received at regular meetings throughout the year related to the services rendered by Credit Suisse. The Board reviewed background information about Credit Suisse, including its Form ADV. The Board considered the background and experience of Credit Suisse's senior management and the expertise of, and the amount of attention given to the Fund by senior personnel of Credit Suisse. In addition, the Board reviewed the qualifications, backgrounds and responsibilities of the portfolio management team primarily responsible for the day-to-day portfolio management of the Fund and the extent of the resources devoted to research and analysis of actual and potential investments. The Board also received and considered information about the nature, extent and quality of services and fee rates offered to other Credit Suisse clients for comparable services.

42

Credit Suisse Global High Yield Fund
Board Approval of Advisory Agreement (unaudited) (continued)

Fund Performance

The Board received and considered performance results of the Fund over time, along with comparisons both to the relevant performance group ("Performance Group") and universe of funds ("Performance Universe") for the Fund. The Board was provided with a description of the methodology used to arrive at the funds included in the Performance Group and the Performance Universe.

Credit Suisse Profitability

The Board received and considered a profitability analysis of Credit Suisse based on the fees payable under the Advisory Agreement for the Fund, including any fee waivers or fee caps, as well as other relationships between the Fund on the one hand and Credit Suisse affiliates on the other. The Board received profitability information for the other funds in the Credit Suisse family of funds.

Economies of Scale

The Board considered whether economies of scale in the provision of services to the Fund were being passed along to the shareholders. Accordingly, the Board considered whether alternative fee structures (such as breakpoint fee structures) would be more appropriate or reasonable taking into consideration economies of scale or other efficiencies that might accrue from increases in the Fund's asset levels.

Other Benefits to Credit Suisse

The Board considered other benefits received by Credit Suisse and its affiliates as a result of their relationship with the Fund. Such benefits include, among others, benefits potentially derived from an increase in Credit Suisse's business as a result of its relationship with the Fund (such as the ability to market to shareholders other financial products offered by Credit Suisse and its affiliates).

The Board considered the standards applied in seeking best execution and reviewed Credit Suisse's method for allocating portfolio investment opportunities among its advisory clients.

43

Credit Suisse Global High Yield Fund
Board Approval of Advisory Agreement (unaudited) (continued)

Conclusions

In selecting Credit Suisse, and approving the Advisory Agreement and the investment advisory fee under such agreement, the Board concluded that:

•  The Contractual Advisory Fee was above the median of the Fund's Expense Group. However, the Net Advisory Fee and the actual total expenses of the Fund were slightly below the median of the Fund's Expense Group. The Board considered the fee to be reasonable.

•  The Fund's performance was above the median of its Performance Universe for the two, three, four and five year periods, but was below the median of its Performance Universe for the one and ten year periods. It was also below most of its peers in the Performance Group for all time periods except the five year. The Board determined it would monitor steps undertaken by Credit Suisse to improve performance.

•  Aside from performance (as described above), the Board was satisfied with the nature and extent of the investment advisory services provided to the Fund by Credit Suisse and that, based on dialogue with management and counsel, the services provided by Credit Suisse under the Advisory Agreement are typical of, and consistent with, those provided to similar mutual funds by other investment advisers.

•  In light of the costs of providing investment management and other services to the Fund and Credit Suisse's ongoing commitment to the Fund and willingness to waive fees and expenses, the profits and other ancillary benefits that Credit Suisse and its affiliates received were considered reasonable.

•  Credit Suisse's profitability based on fees payable under the Advisory Agreement was reasonable in light of the nature, extent and quality of the services provided to the Fund thereunder.

•  In light of the Net Advisory Fee, fee waivers and the relatively small size of the Fund, the Fund's current fee structure (without breakpoints) was considered reasonable.

No single factor reviewed by the Board was identified by the Board as the principal factor in determining whether to approve the Advisory Agreement. The Independent Directors were advised by separate independent legal counsel throughout the process.

44

Credit Suisse Global High Yield Fund
Information Concerning Directors and Officers (unaudited)

Name, Address (Year of Birth)	Position(s) Held with Fund	Term of Office1 and Length of Time Served	Principal Occupation(s) During Past Five Years	Number of Portfolios in Fund Complex Overseen by Director		Other Directorships Held by Director
Independent Directors
Enrique Arzac c/o Credit Suisse Asset Management, LLC Attn: General Counsel Eleven Madison Avenue New York, New York 10010 (1941)	Director, Audit Committee Chairman and Nominating Committee Member	Since 2005	Professor of Finance and Economics, Graduate School of Business, Columbia University since 1971.		33	Director of Epoch Holding Corporation (an investment management and investment advisory services company); Director of The Adams Express Company (a closed-end investment company); Director of Petroleum and Resources Corporation (a closed-end investment company).
Jeffrey E. Garten2 Box 208200 New Haven, Connecticut 06520-8200 (1946)	Director, Audit and Nominating Committee Member	Since 1998	The Juan Trippe Professor in the Practice of International Trade, Finance and Business from July 2005 to present; Partner and Chairman of Garten Rothkopf (consulting firm) from October 2005 to present; Dean of Yale School of Management from November 1995 to June 2005.		26	Director of Aetna, Inc. (insurance company); Director of CarMax Group (used car dealers).

¹   Each Director and Officer serves until his or her respective successor has been duly elected and qualified.

²   Mr. Garten was initially appointed as a Director of the Fund on February 6, 1998. He resigned as Director on February 3, 2000 and was subsequently reappointed on December 21, 2000.

45

Credit Suisse Global High Yield Fund
Information Concerning Directors and Officers (unaudited) (continued)

Name, Address (Year of Birth)	Position(s) Held with Fund	Term of Office1 and Length of Time Served	Principal Occupation(s) During Past Five Years	Number of Portfolios in Fund Complex Overseen by Director		Other Directorships Held by Director
Independent Directors
Peter F. Krogh SFS/ICC 702 Georgetown University Washington, DC 20057 (1937)	Director, Audit and Nominating Committee Member	Since 2001	Dean Emeritus and Distinguished Professor of International Affairs at the Edmund A. Walsh School of Foreign Service, Georgetown University from June 1995 to present.		26	Director of Carlisle Companies Incorporated (diversified manufacturing company).
Steven N. Rappaport Lehigh Court, LLC 555 Madison Avenue 29th Floor New York, New York 10022 (1948)	Chairman of the Board of Directors, Audit Committee Member and Nominating Committee Chairman	Director since 1999 and Chairman since 2005	Partner of Lehigh Court, LLC and RZ Capital (private investment firms) from July 2002 to present.		33	Director of iCAD, Inc. (surgical and medical instruments and apparatus company); Director of Presstek, Inc. (digital imaging technologies company); Director of Wood Resources, LLC. (plywood manufacturing company).

46

Credit Suisse Global High Yield Fund
Information Concerning Directors and Officers (unaudited) (continued)

Name, Address (Year of Birth)	Position(s) Held with Fund	Term of Office1 and Length of Time Served	Principal Occupation(s) During Past Five Years
Officers
George R. Hornig Credit Suisse Asset Management, LLC Eleven Madison Avenue New York, New York 10010 (1954)	Chief Executive Officer and President	Since 2008	Managing Director of Credit Suisse; Co-Chief Operating Officer of Asset Management and Head of Asset Management Americas; Associated with Credit Suisse since1999; Officer of other Credit Suisse Funds.
Michael A. Pignataro Credit Suisse Asset Management, LLC Eleven Madison Avenue New York, New York 10010 (1959)	Chief Financial Officer	Since 1999	Director and Director of Fund Administration of Credit Suisse; Associated with Credit Suisse or its predecessor since 1984; Officer of other Credit Suisse Funds.
Emidio Morizio Credit Suisse Asset Management, LLC Eleven Madison Avenue New York, New York 10010 (1966)	Chief Compliance Officer	Since 2004	Director and Global Head of Compliance of Credit Suisse; Associated with Credit Suisse since July 2000; Officer of other Credit Suisse Funds.
J. Kevin Gao Credit Suisse Asset Management, LLC Eleven Madison Avenue New York, New York 10010 (1967)	Chief Legal Officer since 2006, Vice President and Secretary since 2004	Since 2004	Director and Legal Counsel of Credit Suisse; Associated with Credit Suisse since July 2003; Associated with the law firm of Willkie Farr & Gallagher LLP from 1998 to 2003; Officer of other Credit Suisse Funds.
Cecilia Chau Credit Suisse Asset Management, LLC Eleven Madison Avenue New York, New York 10010 (1973)	Treasurer	Since 2008	Assistant Vice President of Credit Suisse since June 2007; Associated with Alliance Bernstein L.P. from January 2007 to May 2007; Associated with Credit Suisse from August 2000 to December 2006; Officer of other Credit Suisse Funds.

The Statement of Additional Information includes additional information about the Directors and is available, without charge, upon request, by calling 800-222-8977.

47

Credit Suisse Global High Yield Fund
Proxy Voting and Portfolio Holdings Information (unaudited)

Information regarding how the Fund voted proxies related to its portfolio securities during the 12 month period ended June 30 of each year, as well as the policies and procedures that the Fund uses to determine how to vote proxies relating to its portfolio securities are available:

•  By calling 1-800-222-8977

•  On the Fund's website, www.credit-suisse.com/us

•  On the website of the Securities and Exchange Commission, www.sec.gov.

The Fund files a complete schedule of its portfolio holdings for the first and third quarters of its fiscal year with the SEC on Form N-Q. The Fund's Forms N-Q are available on the SEC's website at www.sec.gov and may be reviewed and copied at the SEC's Public Reference Room in Washington, DC. Information on the operation of the SEC's Public Reference Room may be obtained by calling 1-202-551-8090.

48

P.O. BOX 55030, BOSTON, MA 02205-5030

800-222-8977 n www.credit-suisse.com/us

CREDIT SUISSE ASSET MANAGEMENT SECURITIES, INC., DISTRIBUTOR.  INSTFIX-AR-1208

Item 2. Code of Ethics.

The registrant has adopted a code of ethics applicable to its Chief Executive Officer, President, Chief Financial Officer and Chief Accounting Officer, or persons performing similar functions. A copy of the code is filed as Exhibit 12(a)(1) to this Form. There were no amendments to the code during the fiscal year ended December 31, 2008. There were no waivers or implicit waivers from the code granted by the registrant during the fiscal year ended December 31, 2008.

Item 3. Audit Committee Financial Expert.

The registrant’s governing board has determined that it has two audit committee financial experts serving on its audit committee: Enrique R. Arzac and Steven N. Rappaport.  Each audit committee financial expert is “independent” for purposes of this item.

Item 4. Principal Accountant Fees and Services.

(a) through (d). The information in the table below is provided for services rendered to the registrant by its independent registered public accounting firm, PricewaterhouseCoopers LLP (“PwC”), for its fiscal years ended December 31, 2007 and December 31, 2008.

	2007		2008
Audit Fees	$	15,623	$	27,500
Audit-Related Fees(1)	$	3,340	$	3,400
Tax Fees(2)	$	2,590	$	3,255
All Other Fees	—		—
Total	$	21,553	$	34,155

(1) Services include agreed-upon procedures in connection with the registrant’s semi-annual financial statements ($3,340 for 2007 and $3,400 for 2008).

(2) Tax services in connection with the registrant’s excise tax calculations and review of the registrant’s applicable tax returns.

The information in the table below is provided with respect to non-audit services that directly relate to the registrant’s operations and financial reporting and that were rendered by PwC to the registrant’s investment adviser, Credit Suisse Asset Management, LLC (“Credit Suisse”), and any service provider to the registrant controlling, controlled by or under common control with Credit Suisse that provided ongoing services to the registrant (“Covered Services Provider”), for the registrant’s fiscal years ended December 31, 2007 and December 31, 2008.

	2007	2008
Audit-Related Fees	N/A	N/A
Tax Fees	N/A	N/A
All Other Fees	N/A	N/A
Total	N/A	N/A

2

(e)(1) Pre-Approval Policies and Procedures.  The Audit Committee (“Committee”) of the registrant is responsible for pre-approving (i) all audit and permissible non-audit services to be provided by the independent registered public accounting firm to the registrant and (ii) all permissible non-audit services to be provided by the independent registered public accounting firm to Credit Suisse and any Covered Services Provider if the engagement relates directly to the operations and financial reporting of the registrant.  The Committee may delegate its responsibility to pre-approve any such audit and permissible non-audit services to the Chairperson of the Committee, and the Chairperson shall report to the Committee, at its next regularly scheduled meeting after the Chairperson’s pre-approval of such services, his or her decision(s).  The Committee may also establish detailed pre-approval policies and procedures for pre-approval of such services in accordance with applicable laws, including the delegation of some or all of the Committee’s pre-approval responsibilities to other persons (other than Credit Suisse or the registrant’s officers).  Pre-approval by the Committee of any permissible non-audit services shall not be required so long as: (i) the aggregate amount of all such permissible non-audit services provided to the registrant, Credit Suisse and any Covered Services Provider constitutes not more than 5% of the total amount of revenues paid by the registrant to its independent registered public accounting firm during the fiscal year in which the permissible non-audit services are provided; (ii) the permissible non-audit services were not recognized by the registrant at the time of the engagement to be non-audit services; and (iii) such services are promptly brought to the attention of the Committee and approved by the Committee (or its delegate(s)) prior to the completion of the audit.

(e)(2) The information in the table below sets forth the percentages of fees for services (other than audit, review or attest services) rendered by PwC to the registrant for which the pre-approval requirement was waived pursuant to Rule 2-01(c)(7)(i)(C) of Regulation S-X:

	2007	2008
Audit-Related Fees	N/A	N/A
Tax Fees	N/A	N/A
All Other Fees	N/A	N/A
Total	N/A	N/A

3

The information in the table below sets forth the percentages of fees for services (other than audit, review or attest services) rendered by PwC to Credit Suisse and any Covered Services Provider required to be approved pursuant to Rule 2-01(c)(7)(ii) of Regulation S-X, for the registrant’s fiscal years ended December 31, 2007 and December 31, 2008:

	2007	2008
Audit-Related Fees	N/A	N/A
Tax Fees	N/A	N/A
All Other Fees	N/A	N/A
Total	N/A	N/A

(f) Not Applicable.

(g) The aggregate fees billed by PwC for non-audit services rendered to the registrant, Credit Suisse and Covered Service Providers for the fiscal years ended December 31, 2007 and December 31, 2008 were $5,930 and $6,655, respectively.

(h) Not Applicable.

Item 5. Audit Committee of Listed Registrants.

Form N-CSR disclosure requirement is not applicable to the registrant.

Item 6. Schedule of Investments.

Included as part of the report to shareholders filed under Item 1 of this Form.

4

Item 7. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.

Form N-CSR disclosure requirement is not applicable to the registrant.

Item 8.  Portfolio Managers of Closed-End Management Investment Companies.

Form N-CSR disclosure requirement is not applicable to the registrant.

Item 9. Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.

Form N-CSR disclosure requirement is not applicable to the registrant.

Item 10. Submission of Matters to a Vote of Security Holders.

None

Item 11. Controls and Procedures.

(a) As of a date within 90 days from the filing date of this report, the principal executive officer and principal financial officer concluded that the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940 (the “Act”)) were effective based on their evaluation of the disclosure controls and procedures required by Rule 30a-3(b) under the Act and Rules 13a-15(b) or 15d-15(b) under the Securities Exchange Act of 1934.

(b) There were no changes in registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the Act) that occurred during the second fiscal quarter of the period covered by this report that have materially affected, or are reasonably likely to materially affect, the registrant’s internal control over financial reporting.

Item 12. Exhibits.

(a)(1)	Registrant’s Code of Ethics is an exhibit to this report.
(a)(2)	The certifications of the registrant as required by Rule 30a-2(a) under the Act are exhibits to this report.
(a)(3)	Not applicable.
(b)	The certifications of the registrant as required by Rule 30a-2(b) under the Act are an exhibit to this report.

5

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

CREDIT SUISSE GLOBAL HIGH YIELD FUND, INC.

/s/ George R. Hornig
Name:	George R. Hornig
Title:	Chief Executive Officer
Date:	March 6, 2009

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

/s/ George R. Hornig
Name:	George R. Hornig
Title:	Chief Executive Officer
Date:	March 6, 2009

/s/ Michael A. Pignataro
Name:	Michael A. Pignataro
Title:	Chief Financial Officer
Date:	March 6, 2009