EXHIBIT 12


[WILLKIE FARR & GALLAGHER LETTERHEAD]




May 14, 2001

Credit Suisse Asset Management Income Fund, Inc.
466 Lexington Avenue, 16th Floor
New York, New York 10017

Credit Suisse Asset Management Strategic Global Income Fund, Inc.
466 Lexington Avenue, 16th Floor
New York, New York 10017

Ladies and Gentlemen:

You have asked us for our opinion concerning certain federal income tax
consequences to (a) Credit Suisse Asset Management Income Fund, Inc., a Maryland
corporation (the "CIK"), (b) Credit Suisse Asset Management Strategic Global
Income Fund, Inc., a Maryland corporation (the "CGF"), and (c) holders (the "CGF
Shareholders") of voting shares of common stock of CGF (the "CGF Shares"), when
CIK acquires all the assets of CGF in exchange for voting shares of common stock
of CIK ("CIK Shares") and the assumption by CIK of all of the liabilities of CGF
pursuant to the Maryland General Corporation Law (the "Reorganization"), all
pursuant to that certain Agreement and Plan of Reorganization, dated as of March
27, 2001 (the "Reorganization Agreement"), between CIK and CGF. All terms used
herein which are not specifically defined shall have the same meanings as when
used in the Reorganization Agreement.

Pursuant to the Reorganization (a) CIK will acquire all of the assets of CGF and
assume all of CGF's liabilities, (b) each CGF Share will convert to an
equivalent dollar amount (to the nearest one ten-thousandth of one cent) of full
CIK Shares (based upon the net asset value per share of each Fund), and (c) CIK
will be the surviving Fund in the Reorganization. CIK will not issue any
fractional CIK Shares to CGF Shareholders but will instead purchase all
fractional CIK Shares at their net asset value and remit the cash proceeds to
CGF Shareholders.

We have reviewed such documents and materials as we have considered necessary
for the purpose of rendering this opinion. In rendering this opinion, we have
assumed that such documents as yet unexecuted will, when executed, conform in
all material respects to the proposed forms of such documents that we have
examined. In addition, we have assumed the genuineness of all signatures, the
capacity of each party executing a document to so execute that document, the
authenticity of all documents submitted to us as originals and the conformity to
original documents of all documents submitted to us as certified or photostatic
copies.

We have made inquiry as to the underlying facts which we considered to be
relevant to the conclusions set forth in this letter. The opinions expressed in
this letter are based upon certain factual statements relating to CIK and CGF
that are set forth in the Registration Statement on Form N-14 (the "Registration
Statement") filed by CIK with the Securities and Exchange Commission and






May 14, 2001
Page 2


representations made in letters from CIK and CGF addressed to us for our use in
rendering this opinion (the "Tax Representation Letters"). We have no reason to
believe that these representations and facts are not valid, but we have not
attempted to verify independently any of these representations and facts, and
this opinion is based upon the assumption that each of them is accurate.

The conclusions expressed herein are based upon the Internal Revenue Code of
1986, as amended (the "Code"), Treasury regulations promulgated thereunder,
published rulings and procedures of the Internal Revenue Service and judicial
decisions, all as in effect on the date of this letter.

Based upon the foregoing and subject to the conditions and assumptions set forth
below, we are of the opinion that for federal income tax purposes:

     (i)       the Reorganization as provided in the Reorganization Agreement
               will constitute a reorganization within the meaning of Section
               368(a)(1) of the Code and that CIK and CGF will each be a "party
               to a reorganization" within the meaning of Section 368(b) of the
               Code;

     (ii)      no gain or loss will be recognized by CGF as a result of the
               Reorganization or upon the conversion of CGF Shares to CIK
               Shares;

     (iii)     no gain or loss will be recognized by CIK as a result of the
               Reorganization;

     (iv)      no gain or loss will be recognized by the CGF Shareholders upon
               the conversion of their CGF Shares into CIK Shares except to the
               extent such shareholders are paid cash in lieu of fractional CIK
               Shares in the Reorganization;

     (v)       the tax basis of the assets of CGF in the hands of CIK will be
               the same as the tax basis of such assets in the hands of CGF
               immediately prior to the consummation of the Reorganization;

     (vi)      immediately after the Reorganization, the tax basis of the CIK
               Shares received by each CGF Shareholder in the Reorganization
               (including that of fractional CIK Shares purchased from such
               shareholder by CIK) will be equal, in the aggregate, to the tax
               basis of the CGF Shares owned by such shareholder immediately
               prior to the Reorganization;

     (vii)     a CGF Shareholder's holding period for CIK Shares (including that
               of fractional CIK Shares purchased from such shareholder by the
               CIK) will be determined by including the period for which he or
               she held the CGF shares exchanged therefor pursuant to the
               Reorganization, provided, that such CGF Shares were held as
               capital assets immediately prior to the Reorganization;

     (viii)    CIK's holding period with respect to the transferred CGF assets
               will include the period during which such assets were held by
               CGF; and






May 14, 2001
Page 3


     (ix)      the payment of cash to a CGF Shareholder in lieu of fractional
               CIK Shares will be treated as though the fractional CIK Shares
               were distributed as part of the Reorganization and then redeemed
               by CIK with the result that the CGF Shareholder will have a
               capital gain or loss to the extent the cash distribution differs
               from such shareholder's basis allocable to the fractional CIK
               Shares, provided that the CGF Shares exchanged therefor pursuant
               to the Reorganization were held as capital assets immediately
               prior to the Reorganization and that the shareholder's
               proportionate interest in CIK will be reduced as a result of such
               cash distribution.

The opinion set forth in (ix) above assumes that (a) the converted CGF Shares
were held by the CGF Shareholder as capital assets immediately prior to the
Reorganization, (b) the percentage of the outstanding CIK Shares owned by the
CGF Shareholder immediately after the cash distribution (including any CIK
Shares which are deemed to be owned at such time by such CGF Shareholder
pursuant to Section 302(c)(1) of the Code) is less than the percentage that
would have resulted if fractional CIK Shares had actually been distributed to
such CGF Shareholder in lieu of cash, and (c) the distribution of cash in lieu
of fractional CIK Shares is not pursuant to a formal or informal plan to
proportionately reduce the holdings of all of the owners of CIK Shares.

Our opinion is based upon the accuracy of the certifications, representations
and warranties and the satisfaction of the covenants and obligations contained
in the Reorganization Agreement, the Tax Representation Letters and in the
various other documents related thereto. Our opinion may not be relied upon if
any such certifications, representations or warranties are not accurate or if
any of such covenants or obligations are not satisfied in all material respects.

Very truly yours,

/s/ Willkie Farr & Gallagher