SUPPLEMENT TO THE PROSPECTUSES AND STATEMENT OF ADDITIONAL INFORMATION

                    CREDIT SUISSE CAPITAL APPRECIATION FUND

The following information supersedes certain information in the fund's
Prospectuses and Statement of Additional Information.

Marian U. Pardo (see biography below) now joins Susan L. Black and Jeffrey T.
Rose as Co-Portfolio Manager of the fund. In March 2003, Ms. Black will retire
from her positions as CSAM's Managing Director and Senior Advisor, and will
cease serving as Co-Portfolio Manager of the fund.

CERTAIN MANAGER BIOGRAPHY

Marian U. Pardo, Managing Director, joined CSAM in January 2003 from JP Morgan
Fleming Asset Management where, from 1999 to December 2002, she served as
Managing Director and Co-Manager of the US Small Company Fund and was
responsible for the growth portion of the portfolio. During 1998, Ms. Pardo
served as President and Founding Partner of Pardo Capital, a start-up investment
limited partnership specializing in small and mid-cap U.S. equities. From 1994
to 1998, Ms. Pardo served as Managing Director and Mutual Fund Manager at J.P.
Morgan Investment Management and was solely responsible for the management of
the Special Equities Fund and the U.S. Small Company Opportunities Fund. Between
1968 and 1994, Ms. Pardo held various research, financial and portfolio
management positions and responsibilities at J.P. Morgan Investment Management
and its affiliates, including the management of a $700 million, large-cap U.S.
equities portfolio for defined benefit pension plans from 1986 to 1989. Ms.
Pardo holds a B.A. from Barnard College of Columbia University.

Dated: January 16, 2003                                                  16-0103
                                                                             for
                                                                           CSCAL
                                                                           WPUSL
                                                                           ADCAP