13D Filing: Saba Capital and Credit Suisse Asset Management Income Fund Inc (CIK)

     This Amendment No. 1 amends and supplements the
statement on Schedule 13D filed with the Securities and Exchange Commission (the
“SEC”) on February 14, 2017 (the “Original Schedule 13D”). With respect to the
shares (“Shares”) of common stock, par value $0.001 per share, of Credit Suisse
Asset Management Income Fund, Inc.(the “Issuer”). This Amendment No. 1 amends
Items 3 and 5 as set forth below.

            Item
3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION

            Funds
for the purchase of the Common Shares were derived from the subscription
proceeds from investors in SCMF, SCMF II, SCLMF, SCS, SCEF 1 and SCEF 2 and the
capital appreciation thereon and margin account borrowings made in the ordinary
course of business. In such instances, the positions held in the margin accounts
are pledged as collateral security for the repayment of debit balances in the
account, which may exist from time to time. Since other securities are held in
the margin accounts, it is not possible to determine the amounts, if any, of
margin used to purchase the Common Shares reported herein. A total of
$16,134,247 was paid to acquire the Common Shares reported herein.

            Item
5. Interest in Securities of the Issuer