<Page>
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 No. 811-07515
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CREDIT SUISSE STRATEGIC VALUE FUND, INC.
---------------------------------------------------------------------
(Exact Name of Registrant as Specified in Charter)
466 Lexington Avenue, New York, New York 10017-3140
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(Address of Principal Executive Offices) (Zip Code)
Hal Liebes, Esq.
Credit Suisse Strategic Value Fund, Inc.
466 Lexington Avenue
New York, New York 10017-3147
Registrant's telephone number, including area code:(212) 875-3500
Date of fiscal year end: October 31, 2003
Date of reporting period: April 30, 2003
ITEM 1. REPORTS TO STOCKHOLDERS.
<Page>
[CREDIT SUISSE ASSET MANAGEMENT LOGO]
CREDIT SUISSE FUNDS
SEMIANNUAL REPORT
APRIL 30, 2003
(UNAUDITED)
- - CREDIT SUISSE
STRATEGIC VALUE FUND
MORE COMPLETE INFORMATION ABOUT THE FUND, INCLUDING CHARGES AND EXPENSES, IS
PROVIDED IN THE PROSPECTUS, WHICH MUST PRECEDE OR ACCOMPANY THIS DOCUMENT AND
WHICH SHOULD BE READ CAREFULLY BEFORE INVESTING. YOU MAY OBTAIN ADDITIONAL
COPIES BY CALLING 800-927-2874 OR BY WRITING TO CREDIT SUISSE FUNDS, P.O. BOX
55030, BOSTON, MA 02205-5030.
CREDIT SUISSE ASSET MANAGEMENT SECURITIES, INC., DISTRIBUTOR, IS LOCATED AT
466 LEXINGTON AVE., NEW YORK, NY 10017-3140. CREDIT SUISSE FUNDS ARE ADVISED BY
CREDIT SUISSE ASSET MANAGEMENT, LLC.
<Page>
THE FUND'S INVESTMENT ADVISER AND CO-ADMINISTRATORS MAY WAIVE SOME FEES AND/OR
REIMBURSE SOME EXPENSES, WITHOUT WHICH PERFORMANCE WOULD BE LOWER. WAIVERS
AND/OR REIMBURSEMENTS ARE SUBJECT TO CHANGE.
RETURNS INCLUDE CHANGE IN SHARE PRICE AND REINVESTMENT OF DIVIDENDS AND CAPITAL
GAINS. PAST PERFORMANCE CANNOT GUARANTEE FUTURE RESULTS. RETURNS AND SHARE PRICE
WILL FLUCTUATE, AND REDEMPTION VALUE MAY BE MORE OR LESS THAN ORIGINAL COST.
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 APRIL 30, 2003; 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 ("CSAM") OR ANY AFFILIATE, ARE NOT FDIC-INSURED AND ARE NOT
GUARANTEED BY CSAM OR ANY AFFILIATE.
<Page>
CREDIT SUISSE STRATEGIC VALUE FUND
SCHEDULE OF INVESTMENTS
April 30, 2003 (Unaudited)
<Table>
<Caption>
NUMBER OF
SHARES VALUE
--------- -------
COMMON STOCKS (93.9%)
AEROSPACE & DEFENSE (2.6%)
United Technologies Corp. 81,100 $ 5,012,791
--------------
AUTO COMPONENTS (3.3%)
Johnson Controls, Inc. 46,000 3,783,040
Lear Corp.* 62,500 2,483,750
--------------
6,266,790
--------------
BANKS (8.8%)
Bank of America Corp. 29,300 2,169,665
Banknorth Group, Inc. 142,400 3,400,512
Charter One Financial, Inc. 118,230 3,434,581
Washington Mutual, Inc. 75,700 2,990,150
Wells Fargo & Co. 97,000 4,681,220
--------------
16,676,128
--------------
BEVERAGES (6.9%)
Anheuser-Busch Companies, Inc. 121,400 6,055,432
Pepsi Bottling Group, Inc. 78,800 1,618,552
PepsiCo, Inc. 125,220 5,419,522
--------------
13,093,506
--------------
BUILDING PRODUCTS (3.5%)
American Standard Companies, Inc.* 94,400 6,720,336
--------------
COMMERCIAL SERVICES & SUPPLIES (3.0%)
Avery Dennison Corp. 33,200 1,759,932
Cendant Corp.* 270,100 3,857,028
--------------
5,616,960
--------------
COMPUTERS & PERIPHERALS (1.5%)
Hewlett-Packard Co. 169,120 2,756,656
--------------
DIVERSIFIED FINANCIALS (7.5%)
Citigroup, Inc. 130,700 5,129,975
Freddie Mac 78,000 4,516,200
Lehman Brothers Holdings, Inc. 74,100 4,666,077
--------------
14,312,252
--------------
DIVERSIFIED TELECOMMUNICATION SERVICES (3.7%)
BellSouth Corp. 66,600 1,697,634
Verizon Communications, Inc. 140,700 5,259,366
--------------
6,957,000
--------------
ELECTRICAL EQUIPMENT (1.8%)
Emerson Electric Co. 66,900 3,391,830
--------------
ENERGY EQUIPMENT & SERVICES (3.3%)
Cooper Cameron Corp.* 29,200 1,397,512
Pride International, Inc.* 213,600 3,315,072
Weatherford International, Ltd.* 38,000 1,528,740
--------------
6,241,324
--------------
FOOD PRODUCTS (1.5%)
General Mills, Inc. 64,300 2,900,573
--------------
</Table>
See Accompanying Notes to Financial Statements.
<Page>
<Table>
<Caption>
NUMBER OF
SHARES VALUE
--------- -------
HOUSEHOLD PRODUCTS (1.1%)
Kimberly-Clark Corp. 40,600 $ 2,020,662
--------------
INDUSTRIAL CONGLOMERATES (4.3%)
3M Co. 40,400 5,092,016
Tyco International, Ltd. 194,800 3,038,880
--------------
8,130,896
--------------
INSURANCE (6.5%)
American International Group, Inc. 44,235 2,563,418
Hartford Financial Services Group, Inc. 98,500 4,014,860
Marsh & McLennan Companies, Inc. 56,000 2,670,080
St. Paul Companies, Inc. 93,000 3,193,620
--------------
12,441,978
--------------
IT CONSULTING & SERVICES (1.0%)
Unisys Corp.* 189,000 1,965,600
--------------
MACHINERY (7.4%)
Eaton Corp. 46,000 3,775,220
Harsco Corp. 75,000 2,585,250
Ingersoll-Rand Co. Class A 71,200 3,138,496
ITT Industries, Inc. 77,900 4,541,570
--------------
14,040,536
--------------
MEDIA (3.1%)
Gannett Company, Inc. 46,400 3,513,408
Viacom, Inc. Class B* 54,300 2,357,163
--------------
5,870,571
--------------
OIL & GAS (9.0%)
Burlington Resources, Inc. 85,200 3,945,612
ConocoPhillips 89,050 4,479,215
Exxon Mobil Corp. 160,400 5,646,080
Royal Dutch Petroleum Co. NY Shares 74,900 3,061,912
--------------
17,132,819
--------------
PERSONAL PRODUCTS (1.8%)
Avon Products, Inc. 57,400 3,338,958
--------------
PHARMACEUTICALS (7.6%)
Abbott Laboratories 84,900 3,449,487
Johnson & Johnson 72,800 4,103,008
Pfizer, Inc. 131,100 4,031,325
Wyeth 66,100 2,877,333
--------------
14,461,153
--------------
ROAD & RAIL (1.7%)
Burlington Northern Santa Fe Corp. 116,200 3,272,192
--------------
SOFTWARE (2.0%)
Microsoft Corp. 149,400 3,820,158
--------------
TOBACCO (1.0%)
Altria Group, Inc. 63,700 1,959,412
--------------
</Table>
See Accompanying Notes to Financial Statements.
<Page>
<Table>
<Caption>
NUMBER OF
SHARES VALUE
--------- -------
TOTAL COMMON STOCKS (COST $ 168,272,815) $ 178,401,081
--------------
PREFERRED STOCK (1.4%)
REAL ESTATE (1.4%)
Equity Residential Properties (Callable
09/15/03 @ $25.73)
(Cost $2,512,171) 101,000 2,585,600
--------------
<Caption>
PAR
(000)
-------
SHORT-TERM INVESTMENTS (4.7%)
State Street Bank and Trust Co. Euro Time
Deposit, 1.188%, 5/01/03
(Cost $8,980,000) $ 8,980 8,980,000
--------------
TOTAL INVESTMENTS AT VALUE (100.0%)
(COST $179,764,986) 189,966,681
LIABILITIES IN EXCESS OF OTHER ASSETS (0.0%) (14,719)
--------------
NET ASSETS (100.0%) $ 189,951,962
==============
</Table>
See Accompanying Notes to Financial Statements.
<Page>
* Non-income producing security.
<Page>
CREDIT SUISSE STRATEGIC VALUE FUND
STATEMENT OF ASSETS AND LIABILITIES
April 30, 2003 (Unaudited)
<Table>
ASSETS
Investments at value (Cost $179,764,986) (Note 1) $ 189,966,681
Cash 656
Receivable for fund shares sold 246,626
Dividend and interest receivable 234,942
Prepaid expenses 7,410
--------------
Total Assets 190,456,315
--------------
LIABILITIES
Advisory fee payable (Note 2) 114,190
Administrative services fee payable (Note 2) 33,562
Shareholder servicing/Distribution fee payable (Note 2) 9,772
Payable for fund shares redeemed 191,053
Directors' fees payable 388
Other accrued expenses payable 155,388
--------------
Total Liabilities 504,353
--------------
NET ASSETS
Capital stock, $0.001 par value (Note 5) 17,361
Paid-in capital 187,757,584
Undistributed net investment income 159,278
Accumulated net realized loss on investments (8,183,956)
Net unrealized appreciation from investments 10,201,695
--------------
Net Assets $ 189,951,962
==============
COMMON SHARES
Net assets $ 167,110,163
Shares outstanding 15,268,937
--------------
Net asset value, offering price, and redemption
price per share $ 10.94
==============
ADVISOR SHARES
Net assets $ 22,243,332
Shares outstanding 2,036,684
--------------
Net asset value, offering price, and redemption
price per share $ 10.92
==============
</Table>
See Accompanying Notes to Financial Statements.
<Page>
<Table>
A SHARES
Net assets $ 382,700
Shares outstanding 34,994
----------
Net asset value and redemption price per share $ 10.94
==========
Maximum offering price per share (net asset value/(1-5.75%)) $ 11.61
==========
B SHARES
Net assets $ 66,990
Shares outstanding 6,174
----------
Net asset value and offering price per share $ 10.85
==========
C SHARES
Net assets $ 148,777
Shares outstanding 13,717
----------
Net asset value and offering price per share $ 10.85
==========
</Table>
See Accompanying Notes to Financial Statements.
<Page>
CREDIT SUISSE STRATEGIC VALUE FUND
STATEMENT OF OPERATIONS
For the Six Months Ended April 30, 2003 (Unaudited)
<Table>
INVESTMENT INCOME (Note 1)
Dividends $ 1,641,619
Interest 41,730
Foreign taxes withheld (12,375)
------------
Total investment income 1,670,974
------------
EXPENSES
Investment advisory fees (Note 2) 709,902
Administrative services fees (Note 2) 153,970
Shareholder servicing/Distribution fees (Note 2) 59,349
Transfer agent fees (Note 2) 215,222
Registration fees 78,981
Printing fees (Note 2) 35,897
Legal fees 27,348
Audit fees 8,700
Custodian fees 8,437
Insurance expense 7,814
Directors' fees 6,798
Interest expense 2,914
Miscellaneous expense 2,392
------------
Total expenses 1,317,724
------------
Net investment income 353,250
------------
NET REALIZED AND UNREALIZED GAIN (LOSS) FROM INVESTMENTS
Net realized loss from investments (6,724,801)
Net change in unrealized appreciation from investments 13,172,622
------------
Net realized and unrealized gain from investments 6,447,821
------------
Net increase in net assets resulting from operations $ 6,801,071
============
</Table>
See Accompanying Notes to Financial Statements.
<Page>
CREDIT SUISSE STRATEGIC VALUE FUND
STATEMENTS OF CHANGES IN NET ASSETS
<Table>
<Caption>
FOR THE SIX MONTHS
ENDED FOR THE YEAR
APRIL 30, 2003 ENDED
(UNAUDITED) OCTOBER 31, 2002
-------------------- -------------------
FROM OPERATIONS
Net investment income $ 353,250 $ 710,851
Net realized loss from investments (6,724,801) (1,192,972)
Net change in unrealized appreciation (depreciation) from investments 13,172,622 (30,902,727)
-------------------- -------------------
Net increase (decrease) in net assets resulting from operations 6,801,071 (31,384,848)
-------------------- -------------------
FROM DIVIDENDS AND DISTRIBUTIONS
Dividends from net investment income
Common Class shares (193,972) (744,117)
Class A shares - (236)
Distributions from net realized gains
Common Class shares - (6,095,193)
Advisor shares - (1,030,567)
Class A shares - (27)
Class B shares - (26)
Class C shares - (26)
Return of Capital
Common Class shares - (68,226)
Class A shares - (20)
-------------------- -------------------
Net decrease in net assets resulting from dividends and distributions (193,972) (7,938,438)
-------------------- -------------------
FROM CAPITAL SHARE TRANSACTIONS (Note 5)
Proceeds from sale of shares 8,380,761 32,802,513
Reinvestment of dividends and distributions 188,893 7,817,621
Net asset value of shares redeemed (26,480,889) (55,949,687)
-------------------- -------------------
Net decrease in net assets from capital share transactions (17,911,235) (15,329,553)
-------------------- -------------------
Net decrease in net assets (11,304,136) (54,652,839)
NET ASSETS
Beginning of period 201,256,098 255,908,937
-------------------- -------------------
End of period $ 189,951,962 $ 201,256,098
==================== ===================
UNDISTRIBUTED NET INVESTMENT INCOME $ 159,278 $ -
==================== ===================
</Table>
See Accompanying Notes to Financial Statements.
<Page>
CREDIT SUISSE STRATEGIC VALUE FUND
FINANCIAL HIGHLIGHTS
(For a Common Class Share of the Fund Outstanding Throughout Each Period)
<Table>
<Caption>
FOR THE SIX MONTHS
ENDED FOR THE YEAR ENDED OCTOBER 31,
APRIL 30, 2003 ---------------------------------
(UNAUDITED) 2002 2001
------------------ ----------- ------------
PER SHARE DATA
Net asset value, beginning of period $ 10.56 $ 12.55 $ 15.49
------------------ ----------- ------------
INVESTMENT OPERATIONS
Net investment income 0.02(1) 0.04(1) 0.10
Net gain (loss) on investments
(both realized and unrealized) 0.37 (1.63) (0.86)
------------------ ----------- ------------
Total from investment operations 0.39 (1.59) (0.76)
------------------ ----------- ------------
LESS DIVIDENDS AND DISTRIBUTIONS
Dividends from net investment income (0.01) (0.05) (0.10)
Distributions from net realized gains - (0.35) (2.08)
Return of capital - (0.00)(2) -
------------------ ----------- ------------
Total dividends and distributions (0.01) (0.40) (2.18)
------------------ ----------- ------------
NET ASSET VALUE, END OF PERIOD $ 10.94 $ 10.56 $ 12.55
================== =========== ============
Total return(3) 3.72% (13.29)% (5.14)%
RATIOS AND SUPPLEMENTAL DATA
Net assets, end of period (000s omitted) $ 167,110 $ 175,121 $ 219,223
Ratio of expenses to average net assets 1.33%(4),(5) 1.27%(4) 1.13%(4)
Ratio of net investment income to average
net assets 0.44%(5) 0.36% 0.72%
Portfolio turnover rate 32% 30% 38%
<Caption>
FOR THE YEAR ENDED OCTOBER 31,
---------------------------------------
2000 1999 1998
----------- --------- ----------
PER SHARE DATA
Net asset value, beginning of period $ 18.93 $ 16.97 $ 18.56
----------- --------- ----------
INVESTMENT OPERATIONS
Net investment income 0.11 0.13 0.14
Net gain (loss) on investments
(both realized and unrealized) 0.70 2.49 1.36
----------- --------- ----------
Total from investment operations 0.81 2.62 1.50
----------- --------- ----------
LESS DIVIDENDS AND DISTRIBUTIONS
Dividends from net investment income (0.11) (0.13) (0.14)
Distributions from net realized gains (4.14) (0.53) (2.95)
Return of capital - - -
----------- --------- ----------
Total dividends and distributions (4.25) (0.66) (3.09)
----------- --------- ----------
NET ASSET VALUE, END OF PERIOD $ 15.49 $ 18.93 $ 16.97
=========== ========= ==========
Total return(3) 5.99% 15.77% 9.11%
RATIOS AND SUPPLEMENTAL DATA
Net assets, end of period (000s omitted) $ 254,842 $ 602,282 $ 703,808
Ratio of expenses to average net assets 1.16%(4) 1.14% 1.19%
Ratio of net investment income to average
net assets 0.67% 0.65% 0.83%
Portfolio turnover rate 49% 78% 78%
</Table>
- ----------
(1) Per share information is calculated using the average share outstanding
method.
(2) Total is less than $0.01 per share.
(3) Total returns are historical and assume changes in share price and
reinvestment of all dividends and distributions. Total returns for periods
less than one year are not annualized.
(4) Interest earned on uninvested cash balances is used to offset portions of
the transfer agent expense. These arrangements resulted in a reduction to
the net expense ratio by .00% and .02% for the years ended October 31, 2001
and 2000, respectively. These arrangements had no effect on the Common Class
shares' expense ratio for the other periods presented. The Common Class
shares' operating expense ratios after reflecting these arrangements were
1.13% and 1.14% for the years ended October 31, 2001 and 2000, respectively.
For the six months ended April 30, 2003 and for the year ended October 31,
2002, there were no transfer agent credits.
(5) Annualized.
<Page>
CREDIT SUISSE STRATEGIC VALUE FUND
FINANCIAL HIGHLIGHTS
(For an Advisor Class Share of the Fund Outstanding Throughout Each Period)
<Table>
<Caption>
FOR THE SIX MONTHS
ENDED FOR THE YEAR ENDED OCTOBER 31,
APRIL 30, 2003 ------------------------------
(UNAUDITED) 2002 2001
------------------ --------- ---------
PER SHARE DATA
Net asset value, beginning of period $ 10.55 $ 12.55 $ 15.49
------------------ --------- ---------
INVESTMENT OPERATIONS
Net investment income (loss) 0.00(1),(2) (0.02)(1) 0.03
Net gain (loss) on investments
(both realized and unrealized) 0.37 (1.63) (0.86)
------------------ --------- ---------
Total from investment operations 0.37 (1.65) (0.83)
------------------ --------- ---------
LESS DIVIDENDS AND DISTRIBUTIONS
Dividends from net investment income - - (0.03)
Distributions from net realized gains - (0.35) (2.08)
------------------ --------- ---------
Total dividends and distributions - (0.35) (2.11)
------------------ --------- ---------
NET ASSET VALUE, END OF PERIOD $ 10.92 $ 10.55 $ 12.55
================== ========= =========
Total return(3) 3.51% (13.71)% (5.63)%
RATIOS AND SUPPLEMENTAL DATA
Net assets, end of period (000s omitted) $ 22,243 $ 25,501 $ 36,686
Ratio of expenses to average net assets 1.83%(4),(5) 1.76%(4) 1.63%(4)
Ratio of net investment income (loss) to
average net assets (0.06)(5) (0.14)% 0.22%
Portfolio turnover rate 32% 30% 38%
<Caption>
FOR THE YEAR ENDED OCTOBER 31,
---------------------------------------
2000 1999 1998
--------- --------- ---------
PER SHARE DATA
Net asset value, beginning of period $ 18.92 $ 16.96 $ 18.55
--------- --------- ---------
INVESTMENT OPERATIONS
Net investment income (loss) 0.01 0.03 0.10
Net gain (loss) on investments
(both realized and unrealized) 0.73 2.49 1.35
--------- --------- ---------
Total from investment operations 0.74 2.52 1.45
--------- --------- ---------
LESS DIVIDENDS AND DISTRIBUTIONS
Dividends from net investment income (0.03) (0.03) (0.09)
Distributions from net realized gains (4.14) (0.53) (2.95)
--------- --------- ---------
Total dividends and distributions (4.17) (0.56) (3.04)
--------- --------- ---------
NET ASSET VALUE, END OF PERIOD $ 15.49 $ 18.92 $ 16.96
========= ========= =========
Total return(3) 5.47% 15.20% 8.70%
RATIOS AND SUPPLEMENTAL DATA
Net assets, end of period (000s omitted) $ 42,558 $ 71,572 $ 96,397
Ratio of expenses to average net assets 1.66%(4) 1.64%(4) 1.55%
Ratio of net investment income (loss) to
average net assets 0.17% 0.15% 0.47%
Portfolio turnover rate 49% 78% 78%
</Table>
- ----------
(1) Per share information is calculated using the average share outstanding
method.
(2) This represents less than $0.01 per share.
(3) Total returns are historical and assume changes in share price and
reinvestment of all dividends and distributions. Total returns for periods
less than one year are not annualized.
(4) Interest earned on uninvested cash balances is used to offset portions of
the transfer agent expense. These arrangements resulted in a reduction to
the net expense ratio by .00%, .02%, and .01% for the years ended October
31, 2001, 2000 and 1999, respectively. These arrangements had no effect on
the Advisor Class shares' expense ratio for the other periods presented. The
Advisor Class shares' operating expense ratios after reflecting these
arrangements were 1.63%, 1.64% and 1.63% for the years ended October 31,
2001, 2000 and 1999, respectively. For the six months ended April 30, 2003
and for the year ended October 31, 2002, there were no transfer agent
credits.
(5) Annualized.
<Page>
CREDIT SUISSE STRATEGIC VALUE FUND
FINANCIAL HIGHLIGHTS
(For a Class A Share of the Fund Outstanding Throughout Each Period)
<Table>
<Caption>
FOR THE SIX MONTHS
ENDED FOR THE PERIOD
APRIL 30, 2003 ENDED
(UNAUDITED) OCTOBER 31, 2002(1)
------------------ -------------------
PER SHARE DATA
Net asset value, beginning of period $ 10.55 $ 13.36
------------------ -------------------
INVESTMENT OPERATIONS
Net investment income (loss)(2) 0.01 (0.01)
Net gain (loss) on investments
(both realized and unrealized) 0.38 (2.42)
------------------ -------------------
Total from investment operations 0.39 (2.43)
------------------ -------------------
LESS DIVIDENDS AND DISTRIBUTIONS
Dividends from net investment income - (0.03)
Distributions from net realized gains - (0.35)
Return of capital - (0.00)(3)
------------------ -------------------
Total dividends and distributions - (0.38)
------------------ -------------------
NET ASSET VALUE, END OF PERIOD $ 10.94 $ 10.55
================== ===================
Total return(4) 3.70% (18.76)%
RATIOS AND SUPPLEMENTAL DATA
Net assets, end of period (000s omitted) $ 383 $ 404
Ratio of expenses to average net
assets(5),(6) 1.58% 1.63%
Ratio of net investment income (loss) to
average net assets(6) 0.18% (0.10)%
Portfolio turnover rate 32% 30%
</Table>
- ----------
(1) For the period November 30, 2001 (inception date) through October 31, 2002.
(2) Per share information is calculated using the average share outstanding
method.
(3) Total is less than $0.01 per share.
(4) Total returns are historical and assume changes in share price,
reinvestments of all dividends and distributions, and no sales charge. Total
returns for periods less than one year are not annualized.
(5) Interest earned on uninvested cash balances is used to offset portions of
the transfer agent expense. These arrangements had no effect on the Class A
shares' expense ratio.
(6) Annualized.
<Page>
CREDIT SUISSE STRATEGIC VALUE FUND
FINANCIAL HIGHLIGHTS
(For a Class B Share of the Fund Outstanding Throughout Each Period)
<Table>
<Caption>
FOR THE SIX MONTHS
ENDED FOR THE PERIOD
APRIL 30, 2003 ENDED
(UNAUDITED) OCTOBER 31, 2002(1)
------------------ -------------------
PER SHARE DATA
Net asset value, beginning of period $ 10.51 $ 13.36
------------------ -------------------
INVESTMENT OPERATIONS
Net investment loss(2) (0.03) (0.08)
Net gain (loss) on investments
(both realized and unrealized) 0.37 (2.42)
------------------ -------------------
Total from investment operations 0.34 (2.50)
------------------ -------------------
LESS DIVIDENDS AND DISTRIBUTIONS
Dividends from net investment income - (0.00)(3)
Distributions from net realized gains - (0.35)
------------------ -------------------
Total dividends and distributions - (0.35)
------------------ -------------------
NET ASSET VALUE, END OF PERIOD $ 10.85 $ 10.51
================== ===================
Total return(4) 3.24% (19.23)%
RATIOS AND SUPPLEMENTAL DATA
Net assets, end of period (000s omitted) $ 67 $ 88
Ratio of expenses to average net
assets(5),(6) 2.33% 2.33%
Ratio of net investment loss to average
net assets(6) (0.57)% (0.71)%
Portfolio turnover rate 32% 30%
</Table>
- ----------
(1) For the period November 30, 2001 (inception date) through October 31, 2002.
(2) Per share information is calculated using the average share outstanding
method.
(3) Total is less than $0.01 per share.
(4) Total returns are historical and assume changes in share price,
reinvestments of all dividends and distributions, and no sales charge. Total
returns for periods less than one year are not annualized.
(5) Interest earned on uninvested cash balances is used to offset portions of
the transfer agent expense. These arrangements had no effect on the Class B
shares' expense ratio.
(6) Annualized.
<Page>
CREDIT SUISSE STRATEGIC VALUE FUND
FINANCIAL HIGHLIGHTS
(For a Class C Share of the Fund Outstanding Throughout Each Period)
<Table>
<Caption>
FOR THE SIX MONTHS
ENDED FOR THE PERIOD
APRIL 30, 2003 ENDED
(UNAUDITED) OCTOBER 31, 2002(1)
------------------ -------------------
PER SHARE DATA
Net asset value, beginning of period $ 10.50 $ 13.36
------------------ -------------------
INVESTMENT OPERATIONS
Net investment loss(2) (0.03) (0.08)
Net gain (loss) on investments
(both realized and unrealized) 0.38 (2.43)
------------------ -------------------
Total from investment operations 0.35 (2.51)
------------------ -------------------
LESS DIVIDENDS AND DISTRIBUTIONS
Dividends from net investment income - (0.00)(3)
Distributions from net realized gains - (0.35)
------------------ -------------------
Total dividends and distributions - (0.35)
------------------ -------------------
NET ASSET VALUE, END OF PERIOD $ 10.85 $ 10.50
================== ===================
Total return(4) 3.33% (19.31)%
RATIOS AND SUPPLEMENTAL DATA
Net assets, end of period (000s omitted) $ 149 $ 142
Ratio of expenses to average net assets(5),(6) 2.33% 2.30%
Ratio of net investment loss to average net assets(6) (0.56)% (0.71)%
Portfolio turnover rate 32% 30%
</Table>
- ----------
(1) For the period November 30, 2001 (inception date) through October 31, 2002.
(2) Per share information is calculated using the average share outstanding
method.
(3) Total is less than $0.01 per share.
(4) Total returns are historical and assume changes in share price,
reinvestments of all dividends and distributions, and no sales charge. Total
returns for periods less than one year are not annualized.
(5) Interest earned on uninvested cash balances is used to offset portions of
the transfer agent expenses. These arrangements had no effect on the Class C
shares' expense ratio.
(6) Annualized.
<Page>
CREDIT SUISSE STRATEGIC VALUE FUND
NOTES TO FINANCIAL STATEMENTS
April 30, 2003 (Unaudited)
NOTE 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
The Credit Suisse Strategic Value Fund (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 total returns. The Fund was
incorporated under the laws of the State of Maryland on February 29, 1988.
The Fund is authorized to offer five classes of shares: Common Class, Advisor
Class, Class A, Class B, and Class C. Each class of shares in the Fund
represents an equal pro rata interest in the Fund, except that they bear
different expenses which reflect the differences in the range of services
provided to them. Common Class shares of the Fund are not subject to
distribution fees. Advisor Class shares bear expenses pursuant to a shareholder
servicing and distribution plan adopted by the Fund at an annual rate not to
exceed 0.75% of the average daily net assets of the Fund's Advisor Class shares.
Advisor Class shares currently bear expenses of 0.50% of average daily net
assets. Class A shares are sold subject to a front-end sales charge of up to
5.75% and bear expenses pursuant to a distribution plan at an annual rate of
0.25% of the average daily net assets of the Fund's Class A shares. Class B
shares are sold subject to a contingent deferred sales charge which declines
from 4% to zero depending on the period of time the shares are held and bear
expenses pursuant to a distribution plan at an annual rate of 1.00% of the
average daily net assets of the Fund's Class B shares. Class C shares are sold
subject to a contingent deferred sales charge of 1.00% if redeemed within the
first year of purchase and bear expenses pursuant to a distribution plan at an
annual rate of 1.00% of the average daily net assets of the Fund's Class C
shares.
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. on each
day the exchange is open for business. Each Fund's 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. If no sales are
reported, equity investments are generally valued at the most recent bid price.
Debt securities with a remaining maturity greater than 60 days are valued on the
basis of broker quotations or valuations provided 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. Securities and
other assets for which market quotations are not readily available are valued at
fair value as determined in good faith by the Board of Directors under
procedures established by the Board of Directors in the absence of readily
ascertainable market values. Debt obligations that will mature in 60 days or
less are valued on the basis of amortized cost, which approximates market value,
unless the Board of Directors determines that using this method would not
reflect an investment's fair value.
B) SECURITY TRANSACTIONS AND INVESTMENT INCOME -- Security transactions are
accounted for on a trade date basis. Interest income is recorded on the accrual
basis. Dividends are recorded on the ex-dividend date. Income, expenses
(excluding class-specific expenses) and realized/unrealized gains/losses are
allocated proportionately to each class of shares based upon the relative net
asset value of
<Page>
outstanding shares of that class. The cost of investments sold is determined by
use of the specific identification method for both financial reporting and
income tax purposes.
C) DIVIDENDS AND DISTRIBUTIONS TO SHAREHOLDERS -- Dividends from net
investment income and 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 carryover, 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).
D) 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 make the requisite distributions to its shareholders which
will be sufficient to relieve it from federal income and excise taxes.
E) 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 revenues and expenses during the reporting period. Actual results could
differ from these estimates.
F) SHORT-TERM INVESTMENTS -- The Fund, together with other funds/portfolios
advised by Credit Suisse Asset Management, LLC ("CSAM") an indirect,
wholly-owned subsidiary of Credit Suisse Group, pool available cash into a
short-term time deposit issued by State Street Bank and Trust Company ("SSB"),
the Fund's custodian. The short-term time deposit is a variable rate account
classified as a short-term investment.
G) 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 invested in a variety of investments including certain CSAM - advised
funds or the AIM Institutional Funds - Liquid Asset Portfolio. 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. The Fund
had no securities out on loan during the six months ended April 30, 2003.
Credit Suisse First Boston ("CSFB"), an affiliate of CSAM, has been engaged
by the Funds to act as the Funds' securities lending agent. Prior to April 1,
2003, CSFB had agreed to charge the Funds fees for its securities lending
activities equal to its costs in providing services as securities lending agent
and had voluntarily waived such fees
<Page>
through March 31, 2003. Effective April 1, 2003, the Funds and CSFB entered into
an arrangement to share the income earned from securities lending activities,
whereby, generally, the Funds will receive 75% and CSFB will receive 25% of the
income, in accordance with the provisions of the securities lending agency
agreement. If CSFB should enter into a securities lending agency agreement with
another comparable investment company client under which it will receive a
smaller proportion of the fees, its fee agreement with the Funds shall be
reduced to such lower fee amount.
H) OTHER -- The Fund may invest up to 15% of its net assets in non-publicly
traded securities. Non-publicly traded securities may be less liquid than
publicly traded securities. Although these securities may be resold in privately
negotiated transactions, the prices realized from such sales could differ from
the price originally paid by the Fund or the current carrying values, and the
difference could be material.
NOTE 2. TRANSACTIONS WITH AFFILIATES AND RELATED PARTIES
CSAM serves as investment adviser for the Fund. For its investment advisory
services, CSAM is entitled to receive a fee from the Fund at an annual rate of
0.75% of the Fund's average daily net assets. For the six months ended April 30,
2003, investment advisory fees earned were $709,902.
Credit Suisse Asset Management Securities, Inc. ("CSAMSI"), an affiliate of
CSAM, and SSB serve as co-administrators to the Fund.
For its co-administrative services, CSAMSI is entitled to receive a fee
calculated at an annual rate of 0.10% of the Fund's average daily net assets.
For the six months ended April 30, 2003, co-administrative services fees earned
by CSAMSI were $94,653.
For its co-administrative services SSB receives a fee, exclusive of
out-of-pocket expenses, based upon the following fee structure calculated in
total for all the Credit Suisse Funds/Portfolios co-administered by SSB and
allocated based upon relative average net assets of each fund/porfolio.
<Table>
<Caption>
AVERAGE DAILY NET ASSETS ANNUAL RATE
------------------------ -----------
First $5 billion .050% of average daily net assets
Next $5 billion .035% of average daily net assets
Over $10 billion .020% of average daily net assets
</Table>
For the six months ended April 30, 2003, co-administrative service fees
earned by SSB (including out-of-pocket expenses) were $59,317.
In addition to serving as the Fund's co-administrator, CSAMSI currently
serves as distributor of the Fund's shares. Pursuant to distribution plans
adopted by the Fund pursuant to Rule 12b-1 under the 1940 Act, CSAMSI receives
fees for its distribution services. For the Advisor Class the shareholder
servicing and distribution fee is calculated at an annual rate of 0.50% of
average daily net assets of the Advisor Class
<Page>
shares. For the Class A shares, the fee is calculated at the annual rate of
0.25% of average daily net assets of the Class A shares. For the Class B and
Class C shares, the fee is calculated at annual rate of 1.00% of average daily
net assets of the Class B and Class C shares. For the six months ended April 30,
2003, shareholder servicing and distribution fees paid to CSAMSI were as
follows:
<Table>
<Caption>
SHAREHOLDER SERVICING/
CLASS DISTRIBUTION FEE
------------------- ----------------------
Advisor Class $ 57,782
Class A 480
Class B 383
Class C 704
---------
$ 59,349
=========
</Table>
Certain brokers, dealers and financial representatives provide transfer agent
related services to the Fund, and receive compensation for these services from
CSAM. CSAM is then reimbursed by the Fund. For the six months ended April 30,
2003, the Fund reimbursed CSAM $122,116, which is included in the Fund's
transfer agent expense.
For the six months ended April 30, 2003, CSAMSI and its affiliates advised
the Fund that it retained $22 from commissions earned on the sale of the Fund's
Class A shares.
Merrill Corporation ("Merrill"), an affiliate of CSAM, has been engaged by
the Fund to provide certain financial printing and fulfillment services. For the
six months ended April 30, 2003, Merrill was paid $5,974 for its services to the
Fund.
NOTE 3. LINE OF CREDIT
The Fund, together with other funds/portfolios advised by CSAM (collectively,
the "Participating Funds"), participate in a $150 million committed, unsecured
line of credit facility ("Credit Facility") with Deutsche Bank, A.G. as
administrative agent and syndication agent and SSB as operations agent for
temporary or emergency purposes. 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 April 30, 2003 and during
the six months ended April 30, 2003, the Fund had no borrowings under the Credit
Facility.
NOTE 4. PURCHASES AND SALES OF SECURITIES
For the six months ended April 30, 2003, purchases and sales of investment
securities (excluding short-term investments) were $57,913,010 and $74,468,752,
respectively.
<Page>
At April 30, 2003, 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 appreciation (depreciation) from investments were as follows:
$179,764,986, $20,500,521, $(10,298,826) and $10,201,695, respectively.
NOTE 5. CAPITAL SHARE TRANSACTIONS
The Fund is authorized to issue six billion full and fractional shares of
capital stock, $.001 par value per share, of which one billion are classified as
Common Class shares, two billion are classified as Advisor Class shares, and one
billion each are classified as Class A, Class B and Class C shares. Transactions
in capital shares for each class were as follows:
<Table>
<Caption>
COMMON CLASS
-----------------------------------------------------------
FOR THE SIX MONTHS ENDED FOR THE YEAR ENDED
APRIL 30, 2003 (UNAUDITED) OCTOBER 31, 2002
---------------------------- ---------------------------
SHARES VALUE SHARES VALUE
----------- -------------- ---------- --------------
Shares sold 677,166 $ 7,115,020 2,197,385 $ 27,640,532
Shares issued in reinvestment of dividends and
distributions 18,189 188,893 515,385 6,786,899
Shares redeemed (2,012,980) (21,177,767) (3,600,864) (44,820,752)
----------- -------------- ---------- --------------
Net decrease (1,317,625) $ (13,873,854) (888,094) $ (10,393,321)
=========== ============== ========== ==============
<Caption>
ADVISOR CLASS
-----------------------------------------------------------
FOR THE SIX MONTHS ENDED FOR THE YEAR ENDED
APRIL 30, 2003 (UNAUDITED) OCTOBER 31, 2002
---------------------------- ---------------------------
SHARES VALUE SHARES VALUE
----------- -------------- ---------- --------------
Shares sold 119,140 $ 1,255,749 354,262 $ 4,443,977
Shares issued in reinvestment of dividends and
distributions -- -- 77,486 1,030,565
Shares redeemed (499,642) (5,238,332) (937,589) (11,126,396)
--------- -------------- --------- --------------
Net decrease (380,502) $ (3,982,583) (505,841) $ (5,651,854)
========= ============== ========= ==============
<Caption>
CLASS A
-----------------------------------------------------------
FOR THE SIX MONTHS ENDED FOR THE YEAR ENDED
APRIL 30, 2003 (UNAUDITED) OCTOBER 31, 2002(1)
---------------------------- ---------------------------
SHARES VALUE SHARES VALUE
----------- -------------- --------- --------------
Shares sold 276 $ 2,828 38,285 $ 440,384
Shares issued in reinvestment of distributions -- -- 13 157
Shares redeemed (3,580) (37,471) -- --
-------- ----------- ------- -------------
Net increase (decrease) (3,304) $ (34,643) 38,298 $ 440,541
======== =========== ======= =============
<Caption>
CLASS B
-----------------------------------------------------------
FOR THE SIX MONTHS ENDED FOR THE YEAR ENDED
APRIL 30, 2003 (UNAUDITED) OCTOBER 31, 2002(1)
---------------------------- ---------------------------
SHARES VALUE SHARES VALUE
----------- -------------- -------- -------------
Shares sold 480 $ 5,164 8,602 $ 102,640
Shares redeemed (2,716) (27,319) (192) (2,539)
-------- ----------- ------- -------------
Net increase (decrease) (2,236) $ (22,155) 8,410 $ 100,101
======== =========== ======= =============
</Table>
<Page>
<Table>
<Caption>
CLASS C
-----------------------------------------------------------
FOR THE SIX MONTHS ENDED FOR THE YEAR ENDED
APRIL 30, 2003 (UNAUDITED) OCTOBER 31, 2002(1)
---------------------------- ---------------------------
SHARES VALUE SHARES VALUE
----------- -------------- -------- -------------
Shares sold 192 $ 2,000 13,525 $ 174,980
----- --------- ------- -------------
Net increase 192 $ 2,000 13,525 $ 174,980
===== ========= ======= =============
</Table>
- ----------
(1) For the period November 30, 2001 (inception date) through October 31, 2002.
On April 30, 2003, the number of shareholders that held 5% or more of the
outstanding shares of each class of the Fund were as follows:
<Table>
<Caption>
NUMBER OF APPROXIMATE PERCENTAGE
CLASS SHAREHOLDERS OF OUTSTANDING SHARES
----- ------------- ----------------------
Common Class 3 49%
Advisor Class 1 97%
Class A 7 91%
Class B 6 85%
Class C 3 86%
</Table>
Some of the shareholders are comprised of omnibus accounts, which are held on
behalf of several individual shareholders.
NOTE 6. SUBSEQUENT EVENT
On April 25, 2003, shareholders of Credit Suisse Strategic Value Fund
("Strategic Value"), approved a proposed reorganization (the "Reorganization")
into Large Cap Value. The Reorganization was completed on June 6, 2003, and each
shareholder of the Strategic Value became a shareholder of Large Cap Value and
received on a tax-free basis shares of the Large Cap Value with the same
aggregate net asset value as their shares of the respective Fund.
<Page>
CREDIT SUISSE STRATEGIC VALUE FUND
SHAREHOLDER MEETING RESULTS (UNAUDITED)
A special meeting of shareholders of the Strategic Value Fund was held at 466
Lexington Avenue, 16th Floor, New York, NY 10017 on April 11, 2003 and adjourned
to April 25, 2003. The following matters were voted upon by the shareholders of
the Fund and the results are presented below. Shares delivered not voted are
included on the total for the proposals. All proposals except Proposal 4 were
approved.
1. To Approve an Agreement and Plan of Reorganization:
<Table>
<Caption>
% OF TOTAL SHARES % OF TOTAL
SHARES OUTSTANDING SHARES VOTED
--------- ----------------- ------------
For 9,094,611 50.85% 74.27%
Against 546,225 3.06% 4.46%
Abstain 342,556 1.92% 2.80%
Broker Non-votes 2,261,121 12.64% 18.47%
</Table>
2. To Elect the Following Nominees as Directors:
<Table>
<Caption>
FOR WITHHELD
---------- --------
Richard H. Francis 11,560,942 683,570
Jack W. Fritz 11,549,618 694,895
Joseph D. Gallagher 11,550,087 694,426
Jeffrey E. Garten 11,561,246 683,267
Peter F. Krogh 11,566,557 677,955
James S. Pasman, Jr. 11,556,727 687,785
Steven N. Rappaport 11,552,198 692,315
William W. Priest 11,569,151 675,361
Total Eligible Shares 17,884,329
Total Shares Voted 12,244,513
% of Shares Voted 68.47%
</Table>
3-A. To Modify the Fundamental Investment Restriction on Borrowing Money:
<Table>
<Caption>
% OF TOTAL SHARES % OF TOTAL
SHARES OUTSTANDING SHARES VOTED
--------- ----------------- ------------
For 8,809,279 49.26% 71.95%
Against 785,416 4.39% 6.41%
Abstain 388,697 2.18% 3.17%
Broker Non-votes 2,261,121 12.64% 18.47%
</Table>
3-B. To Modify the Fundamental Investment Restriction on Lending:
<Table>
<Caption>
% OF TOTAL SHARES % OF TOTAL
SHARES OUTSTANDING SHARES VOTED
--------- ----------------- ------------
For 8,846,324 49.46% 72.25%
Against 747,166 4.18% 6.10%
Abstain 389,902 2.18% 3.18%
Broker Non-votes 2,261,121 12.64% 18.47%
</Table>
<Page>
3-C. To Modify the Fundamental Investment Restriction on Real Estate
Investments:
<Table>
<Caption>
% OF TOTAL SHARES % OF TOTAL
SHARES OUTSTANDING SHARES VOTED
--------- ----------------- ------------
For 8,868,080 49.59% 72.42%
Against 728,989 4.08% 5.95%
Abstain 386,323 2.16% 3.16%
Broker Non-votes 2,261,121 12.64% 18.47%
</Table>
3-D. To Remove the Fundamental Investment Restriction on Short Sales:
<Table>
<Caption>
% OF TOTAL SHARES % OF TOTAL
SHARES OUTSTANDING SHARES VOTED
--------- ----------------- ------------
For 8,803,935 49.23% 71.90%
Against 785,030 4.39% 6.41%
Abstain 394,427 2.21% 3.22%
Broker Non-votes 2,261,121 12.64% 18.47%
</Table>
3-E. To Remove the Fundamental Investment Restriction on Margin Transactions:
<Table>
<Caption>
% OF TOTAL SHARES % OF TOTAL
SHARES OUTSTANDING SHARES VOTED
--------- ----------------- ------------
For 8,759,170 48.98% 71.54%
Against 823,293 4.60% 6.72%
Abstain 400,929 2.42% 3.27%
Broker Non-votes 2,261,121 12.64% 18.47%
</Table>
3-F. To Remove the Fundamental Investment Restriction on Pledging Assets:
<Table>
<Caption>
% OF TOTAL SHARES % OF TOTAL
SHARES OUTSTANDING SHARES VOTED
--------- ----------------- ------------
For 8,811,907 49.27% 71.96%
Against 778,784 4.36% 6.36%
Abstain 392,700 2.20% 3.21%
Broker Non-votes 2,261,121 12.64% 18.47%
</Table>
3-G. To Remove the Fundamental Investment Restriction on Acquiring More than 10%
of Voting Securities of Any One Issuer:
<Table>
<Caption>
% OF TOTAL SHARES % OF TOTAL
SHARES OUTSTANDING SHARES VOTED
--------- ----------------- ------------
For 8,266,458 46.23% 67.51%
Against 1,330,774 7.44% 10.87%
Abstain 386,160 2.16% 3.15%
Broker Non-votes 2,261,121 12.64% 18.47%
</Table>
4. To Change the Fund's Investment Objective from Fundamental to
Non-Fundamental:
<Table>
<Caption>
% OF TOTAL SHARES % OF TOTAL
SHARES OUTSTANDING SHARES VOTED
--------- ----------------- ------------
For 8,628,411 48.25% 70.47%
Against 917,518 5.13% 7.49%
Abstain 437,463 2.45% 3.57%
Broker Non-votes 2,261,121 12.64% 18.47%
</Table>
<Page>
CREDIT SUISSE STRATEGIC VALUE FUND
PRIVACY POLICY NOTICE
We are committed to maintaining the privacy of every current and prospective
customer. We recognize that you entrust important personal information to us,
and we wish to assure you that we take seriously our responsibilities in
protecting and safeguarding this information.
In connection with making available investment products and services to current
and potential customers, we may obtain nonpublic personal information about you.
This information may include your name, address, e-mail address, social security
number, account number, assets, income, financial situation, transaction history
and other personal information.
We may collect nonpublic information about you from the following sources:
- - Information we receive on applications, forms, questionnaires, web sites,
agreements or in the course of establishing or maintaining a customer
relationship; and
- - Information about your transactions with us, our affiliates, or others.
We do not disclose any nonpublic personal information about our customers or
former customers to anyone, except with your consent or as otherwise permitted
by law. In cases where we believe that additional products and services may be
of interest to you, we may share the information described above with our
affiliates. We may also disclose this information to firms that perform services
on our behalf. These agents and service providers are required to treat the
information confidentially and use it only for the purpose for which it is
provided.
We restrict access to nonpublic personal information about you to those
employees, agents or other parties who need to know that information to provide
products or services to you or in connection with your investments with or
through us. We maintain physical, electronic and procedural safeguards that
comply with federal standards to guard your nonpublic personal information.
NOTE: THIS NOTICE IS PROVIDED TO CLIENTS AND PROSPECTIVE CLIENTS OF CREDIT
SUISSE ASSET MANAGEMENT, LLC ("CSAM"), CSAM CAPITAL INC., AND CREDIT SUISSE
ASSET MANAGEMENT SECURITIES, INC., AND SHAREHOLDERS AND PROSPECTIVE SHAREHOLDERS
IN CSAM SPONSORED AND ADVISED INVESTMENT COMPANIES, INCLUDING CREDIT SUISSE
FUNDS, AND OTHER CONSUMERS AND CUSTOMERS, AS APPLICABLE. THIS NOTICE IS NOT
INTENDED TO BE INCORPORATED IN ANY OFFERING MATERIALS BUT IS MERELY A STATEMENT
OF OUR CURRENT PRIVACY POLICY, AND MAY BE AMENDED FROM TIME TO TIME UPON NOTICE
TO YOU. THIS NOTICE IS DATED AS OF MAY 20, 2003.
<Page>
P.O. Box 55030, Boston, MA 02205-5030
800-222-8977 - www.csam-americas.com [CREDIT SUISSE ASSET MANAGEMENT LOGO]
CREDIT SUISSE ASSET MANAGEMENT SECURITIES INC., DISTRIBUTOR.
<Page>
ITEM 2. CODE OF ETHICS.
Form N-CSR disclosure requirement not yet effective with respect to the
Registrant.
ITEM 3. AUDIT COMMITTEE FINANCIAL EXPERT.
Form N-CSR disclosure requirement not yet effective with respect to the
Registrant.
ITEM 4. PRINCIPAL ACCOUNTANT FEES AND SERVICES.
Form N-CSR disclosure requirement not yet effective with respect to the
Registrant.
ITEM 5. AUDIT COMMITTEE OF LISTED REGISTRANTS.
Not applicable to the Registrant.
ITEM 6. [RESERVED]
ITEM 7. DISCLOSURE OF PROXY VOTING POLICIES AND PROCEDURES FOR CLOSED-END
MANAGEMENT INVESTMENT COMPANIES.
Not applicable to the Registrant.
ITEM 8. [RESERVED]
ITEM 9. CONTROLS AND PROCEDURES.
(a) The Principal Executive Officer and Principal Financial Officer concluded
that the Registrant's Disclosure Controls and Procedures are effective based on
their evaluation of the Disclosure Controls and Procedures as of a date within
90 days of the filing date of this report.
(b) There were no significant changes in Registrant's internal controls or in
other factors that could significantly affect these controls subsequent to the
date of their evaluation, including any corrective actions with regard to
significant deficiencies and material weaknesses.
ITEM 10. EXHIBITS.
(a) Form N-CSR disclosure requirement not yet effective with respect to the
Registrant.
(b) The certifications of the Registrant as required by Rule 30a-2 under the
Act are exhibits to this report.
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 Strategic Value Fund, Inc.
/s/ Joseph D. Gallagher
-----------------------
Name: Joseph D. Gallagher
Title: Chief Executive Officer
Date: July 2, 2003
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/ Joseph D. Gallagher
-----------------------
Name: Joseph D. Gallagher
Title: Chief Executive Officer
Date: July 2, 2003
<Page>
/s/ Michael A. Pignataro
Name: Michael A. Pignataro
Title: Chief Financial Officer
Date: July 2, 2003