<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. 811-5039
-----------------------------------------------------
CREDIT SUISSE FIXED INCOME FUND
-----------------------------------------------------
(Exact Name of Registrant as Specified in Charter)
466 Lexington Avenue, New York, New York 10017-3140
-----------------------------------------------------
(Address of Principal Executive Offices) (Zip Code)
Hal Liebes, Esq.
Credit Suisse Fixed Income Fund
466 Lexington Avenue
New York, New York 10017-3140
Registrant's telephone number, including area code:(212) 875-3500
Date of fiscal year end: October 31, 2003
Date of reporting period: November 1, 2002 to October 31, 2003
ITEM 1. REPORTS TO STOCKHOLDERS.
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[CREDIT SUISSE ASSET MANAGEMENT LOGO]
CREDIT SUISSE FUNDS
ANNUAL REPORT
OCTOBER 31, 2003
- - CREDIT SUISSE
FIXED INCOME FUND
MORE COMPLETE INFORMATION ABOUT THE FUNDS, 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.
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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 OCTOBER 31, 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 FIXED INCOME FUND
ANNUAL INVESTMENT ADVISER'S REPORT
October 31, 2003 (Unaudited)
November 18, 2003
Dear Shareholder:
For the 12 months ended October 31, 2003, the share classes of Credit Suisse
Fixed Income Fund(1) (the "Fund") generated returns as follows: Common shares
gained 9.19%, Advisor shares gained 8.77%, Class A shares(2)(without sales
charge) gained 9.03%, Class B shares(2) (without sales charge) gained 8.11%, and
Class C shares(2) (without sales charge) also gained 8.11%. By contrast, the
Lehman Brothers U.S. Aggregate Bond Index(3) gained 4.91%.
The investment environment for fixed income was favorable throughout most of
the Fund's fiscal year, in two key ways. First, monetary policy was
accommodative, so much so that perhaps the key influence on trading activity was
the widespread perception that interest rates (which were already historically
low) were likely to continue to decline. The Federal Reserve cut its benchmark
fed funds rate twice in the period, by a total of three-quarters of a percentage
point, to 1.00%, the lowest such level in over 40 years. The Fed additionally
helped to fuel the perception that rates would fall further via highly
publicized comments regarding its concerns about deflation.
Second, falling rates helped to motivate investors to look for comparatively
higher yields. This, in turn, meant that riskier debt sectors performed best,
whether in absolute or relative terms. Returns were thus highest among
lower-quality corporate bonds -- both high yield and in the lower tiers of
investment-grade credits -- and longer-maturity instruments more broadly.
The Fund outperformed the broad fixed income market (as represented by the
Fund's benchmark) due to the collective impact of several elements of our
strategy. The most successful of these included:
- We maintained exposure to non-benchmark sectors that greatly outperformed
investment-grade securities. Specifically, these were high yield corporates
and, to a lesser extent, emerging market debt. Our risk management
discipline prompted us to gradually reduce exposure to each of these
sectors in the second half of the fiscal year, as we felt that their price
gains would limit their potential for additional outperformance.
- We enjoyed good security selection in securitized debt. This was especially
true in mortgage-backed securities, in which we focused on the
identification of areas of the mortgage market with pricing anomalies that
we considered sizable.
1
<Page>
- We enjoyed good relative performance in investment-grade corporates, in
which the avoidance of poor-performing issues proved just as important as
the ownership of strong performers. Our preferences were for comparatively
lower-quality credits within sectors such as telecommunications and
consumer durables, and we maintained wide diversification in terms of the
number of individual issuers whose bonds we owned.
- We briefly held a small allocation to inflation-linked Treasury bonds
(known as TIPS, or Treasury Inflation-Protected Securities), which we felt
offered attractive valuations as well as the potential for capital
appreciation if perceived or actual inflation should rise. Our analysis at
the time proved on target, as nominal inflation moved higher in early 2003
and TIPS prices gained accordingly.
- In the second half of the fiscal year we held a small currency allocation
to euros, which appreciated substantially versus the U.S. dollar. We also
owned some German government bonds that outperformed their U.S.
counterparts.
The most negative contributions to the Fund's overall return were fairly
modest and came from two below-market weightings. These were in government
agency issues and, within our corporate allocation, banks and other financial
companies, which significantly outperformed the benchmark as a whole.
Credit Suisse Fixed Income Management Team
Jo Ann Corkran
Leland E. Crabbe
Suzanne E. Moran
David N. Fisher
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 INVESTMENT PORTFOLIO. 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.
2
<Page>
COMPARISON OF CHANGE IN VALUE OF $10,000 INVESTMENT IN THE
CREDIT SUISSE FIXED INCOME FUND(1) COMMON CLASS SHARES
AND THE LEHMAN BROTHERS U.S. AGGREGATE BOND INDEX(3)
FOR TEN YEARS.
<Table>
<Caption>
CREDIT SUISSE FIXED INCOME LEHMAN BROTHERS U.S.
FUND(1) COMMON CLASS AGGREGATE BOND INDEX(3)
10/31/1993 $ 10,000
11/30/1993 $ 9,955 $ 9,915
12/31/1993 $ 10,013 $ 9,969
1/31/1994 $ 10,165 $ 10,103
2/28/1994 $ 10,084 $ 9,927
3/31/1994 $ 9,912 $ 9,682
4/30/1994 $ 9,804 $ 9,605
5/31/1994 $ 9,778 $ 9,604
6/30/1994 $ 9,781 $ 9,583
7/31/1994 $ 9,895 $ 9,773
8/31/1994 $ 9,968 $ 9,785
9/30/1994 $ 9,906 $ 9,641
10/31/1994 $ 9,940 $ 9,632
11/30/1994 $ 9,904 $ 9,611
12/31/1994 $ 9,946 $ 9,678
1/31/1995 $ 10,026 $ 9,869
2/28/1995 $ 10,199 $ 10,104
3/31/1995 $ 10,168 $ 10,166
4/30/1995 $ 10,324 $ 10,308
5/31/1995 $ 10,675 $ 10,707
6/30/1995 $ 10,759 $ 10,785
7/31/1995 $ 10,801 $ 10,764
8/31/1995 $ 10,949 $ 10,894
9/30/1995 $ 11,066 $ 10,999
10/31/1995 $ 11,191 $ 11,142
11/30/1995 $ 11,288 $ 11,310
12/31/1995 $ 11,450 $ 11,468
1/31/1996 $ 11,561 $ 11,544
2/29/1996 $ 11,455 $ 11,343
3/31/1996 $ 11,403 $ 11,263
4/30/1996 $ 11,345 $ 11,200
5/31/1996 $ 11,398 $ 11,178
6/30/1996 $ 11,463 $ 11,328
7/31/1996 $ 11,502 $ 11,358
8/31/1996 $ 11,557 $ 11,339
9/30/1996 $ 11,740 $ 11,536
10/31/1996 $ 11,952 $ 11,792
11/30/1996 $ 12,161 $ 11,994
12/31/1996 $ 12,155 $ 11,882
1/31/1997 $ 12,229 $ 11,919
2/28/1997 $ 12,318 $ 11,949
3/31/1997 $ 12,219 $ 11,816
4/30/1997 $ 12,330 $ 11,994
5/31/1997 $ 12,452 $ 12,108
6/30/1997 $ 12,600 $ 12,252
7/31/1997 $ 12,915 $ 12,583
8/31/1997 $ 12,824 $ 12,476
9/30/1997 $ 13,005 $ 12,660
10/31/1997 $ 13,120 $ 12,844
11/30/1997 $ 13,144 $ 12,903
12/31/1997 $ 13,225 $ 13,033
1/31/1998 $ 13,427 $ 13,200
2/28/1998 $ 13,379 $ 13,189
3/31/1998 $ 13,420 $ 13,234
4/30/1998 $ 13,481 $ 13,303
5/31/1998 $ 13,582 $ 13,430
6/30/1998 $ 13,692 $ 13,544
7/31/1998 $ 13,690 $ 13,572
8/31/1998 $ 13,845 $ 13,793
9/30/1998 $ 14,055 $ 14,116
10/31/1998 $ 13,970 $ 14,041
11/30/1998 $ 14,044 $ 14,121
12/31/1998 $ 14,085 $ 14,164
1/31/1999 $ 14,128 $ 14,264
2/28/1999 $ 13,953 $ 14,015
3/31/1999 $ 14,060 $ 14,092
4/30/1999 $ 14,108 $ 14,137
5/31/1999 $ 14,008 $ 14,012
6/30/1999 $ 14,002 $ 13,968
7/31/1999 $ 13,983 $ 13,909
8/31/1999 $ 13,963 $ 13,902
9/30/1999 $ 14,075 $ 14,063
10/31/1999 $ 14,100 $ 14,115
11/30/1999 $ 14,110 $ 14,114
12/31/1999 $ 14,079 $ 14,046
1/31/2000 $ 14,022 $ 14,000
2/29/2000 $ 14,136 $ 14,169
3/31/2000 $ 14,245 $ 14,356
4/30/2000 $ 14,113 $ 14,315
5/31/2000 $ 14,101 $ 14,307
6/30/2000 $ 14,427 $ 14,605
7/31/2000 $ 14,565 $ 14,738
8/31/2000 $ 14,780 $ 14,952
9/30/2000 $ 14,896 $ 15,046
10/31/2000 $ 14,888 $ 15,145
11/30/2000 $ 15,037 $ 15,393
12/31/2000 $ 15,403 $ 15,680
1/31/2001 $ 15,890 $ 15,935
2/28/2001 $ 15,939 $ 16,074
3/31/2001 $ 15,950 $ 16,154
4/30/2001 $ 15,906 $ 16,086
5/31/2001 $ 16,052 $ 16,184
6/30/2001 $ 16,072 $ 16,245
7/31/2001 $ 16,394 $ 16,609
8/31/2001 $ 16,543 $ 16,800
9/30/2001 $ 16,512 $ 16,995
10/31/2001 $ 16,752 $ 17,350
11/30/2001 $ 16,564 $ 17,111
12/31/2001 $ 16,427 $ 17,001
1/31/2002 $ 16,485 $ 17,139
2/28/2002 $ 16,536 $ 17,305
3/31/2002 $ 16,347 $ 17,018
4/30/2002 $ 16,466 $ 17,348
5/31/2002 $ 16,520 $ 17,495
6/30/2002 $ 16,081 $ 17,648
7/31/2002 $ 15,647 $ 17,861
8/31/2002 $ 15,993 $ 18,163
9/30/2002 $ 16,084 $ 18,457
10/31/2002 $ 16,069 $ 18,372
11/30/2002 $ 16,334 $ 18,367
12/31/2002 $ 16,703 $ 18,747
1/31/2003 $ 16,811 $ 18,764
2/28/2003 $ 17,072 $ 19,023
3/31/2003 $ 17,109 $ 19,008
4/30/2003 $ 17,375 $ 19,165
5/31/2003 $ 17,656 $ 19,522
6/30/2003 $ 17,662 $ 19,483
7/31/2003 $ 17,071 $ 18,828
8/31/2003 $ 17,203 $ 18,952
9/30/2003 $ 17,650 $ 19,454
10/31/2003 $ 17,546 $ 19,273
</Table>
COMPARISON OF CHANGE IN VALUE OF $10,000 INVESTMENT IN THE
CREDIT SUISSE FIXED INCOME FUND(1) ADVISOR CLASS SHARES AND
THE LEHMAN BROTHERS U.S. AGGREGATE BOND INDEX(3),
FROM INCEPTION (7/03/96).
<Table>
<Caption>
CREDIT SUISSE FIXED INCOME LEHMAN BROTHERS U.S.
FUND(1) ADVISOR CLASS AGGREGATE BOND INDEX(3)
7/3/1996 $ 10,000
7/31/1996 $ 10,014 $ 10,027
8/31/1996 $ 10,058 $ 10,010
9/30/1996 $ 10,214 $ 10,184
10/31/1996 $ 10,393 $ 10,410
11/30/1996 $ 10,573 $ 10,588
12/31/1996 $ 10,565 $ 10,490
1/31/1997 $ 10,638 $ 10,522
2/28/1997 $ 10,703 $ 10,549
3/31/1997 $ 10,615 $ 10,431
4/30/1997 $ 10,709 $ 10,588
5/31/1997 $ 10,813 $ 10,689
6/30/1997 $ 10,939 $ 10,816
7/31/1997 $ 11,210 $ 11,108
8/31/1997 $ 11,129 $ 11,013
9/30/1997 $ 11,272 $ 11,176
10/31/1997 $ 11,381 $ 11,338
11/30/1997 $ 11,388 $ 11,391
12/31/1997 $ 11,467 $ 11,506
1/31/1998 $ 11,629 $ 11,653
2/28/1998 $ 11,596 $ 11,644
3/31/1998 $ 11,617 $ 11,683
4/30/1998 $ 11,668 $ 11,744
5/31/1998 $ 11,765 $ 11,855
6/30/1998 $ 11,846 $ 11,956
7/31/1998 $ 11,841 $ 11,981
8/31/1998 $ 11,973 $ 12,177
9/30/1998 $ 12,164 $ 12,462
10/31/1998 $ 12,088 $ 12,396
11/30/1998 $ 12,149 $ 12,466
12/31/1998 $ 12,171 $ 12,504
1/31/1999 $ 12,205 $ 12,592
2/28/1999 $ 12,063 $ 12,372
3/31/1999 $ 12,153 $ 12,440
4/30/1999 $ 12,180 $ 12,480
5/31/1999 $ 12,091 $ 12,370
6/30/1999 $ 12,083 $ 12,330
7/31/1999 $ 12,064 $ 12,279
8/31/1999 $ 12,045 $ 12,273
9/30/1999 $ 12,150 $ 12,415
10/31/1999 $ 12,169 $ 12,461
11/30/1999 $ 12,175 $ 12,460
12/31/1999 $ 12,135 $ 12,400
1/31/2000 $ 12,094 $ 12,359
2/29/2000 $ 12,179 $ 12,508
3/31/2000 $ 12,282 $ 12,673
4/30/2000 $ 12,166 $ 12,637
5/31/2000 $ 12,140 $ 12,630
6/30/2000 $ 12,432 $ 12,893
7/31/2000 $ 12,535 $ 13,010
8/31/2000 $ 12,731 $ 13,199
9/30/2000 $ 12,814 $ 13,282
10/31/2000 $ 12,818 $ 13,370
11/30/2000 $ 12,931 $ 13,589
12/31/2000 $ 13,256 $ 13,842
1/31/2001 $ 13,672 $ 14,068
2/28/2001 $ 13,699 $ 14,190
3/31/2001 $ 13,718 $ 14,261
4/30/2001 $ 13,678 $ 14,201
5/31/2001 $ 13,800 $ 14,287
6/30/2001 $ 13,814 $ 14,341
7/31/2001 $ 14,088 $ 14,662
8/31/2001 $ 14,227 $ 14,831
9/30/2001 $ 14,184 $ 15,003
10/31/2001 $ 14,387 $ 15,317
11/30/2001 $ 14,238 $ 15,105
12/31/2001 $ 14,117 $ 15,009
1/31/2002 $ 14,149 $ 15,130
2/28/2002 $ 14,190 $ 15,277
3/31/2002 $ 14,040 $ 15,023
4/30/2002 $ 14,125 $ 15,315
5/31/2002 $ 14,168 $ 15,445
6/30/2002 $ 13,788 $ 15,579
7/31/2002 $ 13,428 $ 15,768
8/31/2002 $ 13,708 $ 16,034
9/30/2002 $ 13,782 $ 16,294
10/31/2002 $ 13,767 $ 16,219
11/30/2002 $ 14,005 $ 16,214
12/31/2002 $ 14,304 $ 16,550
1/31/2003 $ 14,394 $ 16,565
2/28/2003 $ 14,614 $ 16,793
3/31/2003 $ 14,643 $ 16,780
4/30/2003 $ 14,865 $ 16,919
5/31/2003 $ 15,114 $ 17,234
6/30/2003 $ 15,098 $ 17,200
7/31/2003 $ 14,587 $ 16,621
8/31/2003 $ 14,693 $ 16,731
9/30/2003 $ 15,084 $ 17,174
10/31/2003 $ 14,974 $ 17,014
</Table>
3
<Page>
COMPARISON OF CHANGE IN VALUE OF $10,000 INVESTMENT IN THE
CREDIT SUISSE FIXED INCOME FUND(1) CLASS A SHARES, CLASS B SHARES,
CLASS C SHARES AND THE LEHMAN BROTHERS U.S. AGGREGATE BOND INDEX(3)
FROM INCEPTION (7/31/01).
<Table>
<Caption>
CREDIT SUISSE FIXED INCOME CREDIT SUISSE FIXED INCOME CREDIT SUISSE FIXED INCOME LEHMAN BROTHERS
FUND(1) CLASS A (WITH FUND(1) CLASS B (WITH MAXIMUM FUND(1) CLASS C (WITH MAXIMUM U.S. AGGREGATE
MAXIMUM SALES CHARGE) SALES CONTINGENT DEFERRED CHARGE) CONTINGENT DEFERRED SALES CHARGE) BOND INDEX(3)
7/31/2001 $ 9,525 $ 10,000 $ 10,000
8/31/2001 $ 9,620 $ 10,092 $ 10,087 $ 10,115
9/30/2001 $ 9,592 $ 10,058 $ 10,051 $ 10,232
10/31/2001 $ 9,729 $ 10,196 $ 10,189 $ 10,446
11/30/2001 $ 9,628 $ 10,074 $ 10,076 $ 10,302
12/31/2001 $ 9,546 $ 9,982 $ 9,985 $ 10,236
1/31/2002 $ 9,568 $ 10,009 $ 10,001 $ 10,319
2/28/2002 $ 9,596 $ 10,032 $ 10,024 $ 10,419
3/31/2002 $ 9,484 $ 9,909 $ 9,902 $ 10,246
4/30/2002 $ 9,552 $ 9,973 $ 9,966 $ 10,445
5/31/2002 $ 9,580 $ 9,997 $ 9,990 $ 10,534
6/30/2002 $ 9,324 $ 9,723 $ 9,716 $ 10,625
7/31/2002 $ 9,071 $ 9,453 $ 9,446 $ 10,754
8/31/2002 $ 9,260 $ 9,654 $ 9,647 $ 10,936
9/30/2002 $ 9,320 $ 9,701 $ 9,693 $ 11,113
10/31/2002 $ 9,314 $ 9,684 $ 9,676 $ 11,062
11/30/2002 $ 9,475 $ 9,835 $ 9,827 $ 11,058
12/31/2002 $ 9,677 $ 10,049 $ 10,041 $ 11,287
1/31/2003 $ 9,748 $ 10,106 $ 10,098 $ 11,297
2/28/2003 $ 9,897 $ 10,255 $ 10,246 $ 11,453
3/31/2003 $ 9,906 $ 10,268 $ 10,249 $ 11,444
4/30/2003 $ 10,059 $ 10,420 $ 10,401 $ 11,539
5/31/2003 $ 10,229 $ 10,579 $ 10,571 $ 11,754
6/30/2003 $ 10,231 $ 10,574 $ 10,565 $ 11,730
7/31/2003 $ 9,886 $ 10,211 $ 10,203 $ 11,336
8/31/2003 $ 9,961 $ 10,281 $ 10,273 $ 11,411
9/30/2003 $ 10,217 $ 10,540 $ 10,531 $ 11,713
10/31/2003 $ 10,155 $ 10,277 $ 10,461 $ 11,604
</Table>
Past performance is not predictive of future performance. Investment return and
principal value of an investment will fluctuate so that an investor's shares
upon redemption may be worth more or less than their 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.
4
<Page>
AVERAGE ANNUAL RETURNS AS OF SEPTEMBER 30, 2003(1)
<Table>
<Caption>
SINCE
1 YEAR 5 YEARS 10 YEARS INCEPTION
------ ------- -------- ---------
Common Class(4) 9.74% 4.66% 5.93% 7.12%
Advisor Class 9.45% 4.40% -- 5.84%
Class A Without Sales Charge 9.63% -- -- 3.28%
Class A With Maximum Sales Charge 4.44% -- -- 0.99%
Class B Without CDSC 8.65% -- -- 2.45%
Class B With Maximum CDSC 4.65% -- -- 1.58%
Class C Without CDSC 8.65% -- -- 2.42%
Class C With Maximum CDSC 7.65% -- -- 2.42%
</Table>
AVERAGE ANNUAL RETURNS AS OF OCTOBER 31, 2003(1)
<Table>
<Caption>
SINCE
1 YEAR 5 YEARS 10 YEARS INCEPTION
------ ------- -------- ---------
Common Class(4) 9.19% 4.66% 5.78% 7.04%
Advisor Class 8.77% 4.38% -- 5.66%
Class A Without Sales Charge 9.03% -- -- 2.87%
Class A With Maximum Sales Charge 3.85% -- -- 0.68%
Class B Without CDSC 8.11% -- -- 2.05%
Class B With Maximum CDSC 4.11% -- -- 1.22%
Class C Without CDSC 8.11% -- -- 2.02%
Class C With Maximum CDSC 7.11% -- -- 2.02%
</Table>
- ----------
(1) Fee waivers and/or expense reimbursements reduced expenses for the Fund,
without which performance would be lower. Waivers and/or reimbursements may
be discontinued at any time.
(2) Total return for Class A shares for the reporting period, based on offering
price (with maximum sales charge of 4.75%), was 3.85%. Total return for
Class B shares for the reporting period, based on redemption value
(including maximum contingent deferred sales charge of 4%), was 4.11%.
Total return for Class C shares for the reporting period, based on
redemption value (including maximum contingent deferred sales charge of
1%), was 7.11%.
(3) The Lehman Brothers U.S. Aggregate Bond Index is composed of the Lehman
Brothers Government/Corporate Bond Index and the Lehman Brothers
Mortgage-Backed Securities Index. It includes U.S. Treasury and agency
issues, corporate bond issues and mortgage-backed securities rated
investment-grade or higher by Moody's Investors Service; the Standard &
Poor's division of The McGraw-Hill Companies, Inc.; or Fitch IBCA Inc.
Investors cannot invest directly in an index.
(4) Inception date: 08/17/87
5
<Page>
CREDIT SUISSE FIXED INCOME FUND
SCHEDULE OF INVESTMENTS
October 31, 2003
<Table>
<Caption>
PAR RATINGS+
(000) (S&P/MOODY'S) MATURITY RATE% VALUE
----- ------------- -------- ------ -----
CORPORATE BONDS (36.3%)
AEROSPACE & DEFENSE (0.6%)
$ 860 Lockheed Martin Corp., Bonds (BBB , Baa2) 12/01/29 8.500 $ 1,121,495
30 Sequa Corp., Senior Notes (BB- , B1) 08/01/09 9.000 33,150
95 Sequa Corp., Series B, Senior Notes (BB- , B1) 04/01/08 8.875 104,144
-------------
1,258,789
-------------
APPAREL (0.1%)
125 Levi Strauss & Co., Notes~ (B , Ca) 11/01/06 7.000 98,125
-------------
AUTOMOBILE MANUFACTURERS (0.4%)
375 Ford Motor Co., Unsecured Notes (BBB , Baa1) 07/16/31 7.450 337,782
335 General Motors Corp., Global Debentures
(BBB , Baa1) 07/15/33 8.375 354,447
-------------
692,229
-------------
BUILDING MATERIALS (0.3%)
200 American Standard, Inc.,
Company Guaranteed Notes (BB+ , Ba2) 02/01/08 7.375 221,500
300 Nortek, Inc., Series B, Global Senior
Subordinated Notes (Callable 06/15/06 @ $104.94) (B- , B3) 06/15/11 9.875 324,750
-------------
546,250
-------------
COMMERCIAL SERVICES (0.1%)
100 Iron Mountain, Inc., Company Guaranteed Notes
(Callable 04/01/06 @ $104.31) (B , B2) 04/01/13 8.625 109,750
65 La Petite Academy, Inc., Series B, Company
Guaranteed Notes (Callable 05/15/04 @ $103.33) (CC , Ca) 05/15/08 10.000 39,975
-------------
149,725
-------------
COMPUTERS (0.1%)
120 Unisys Corp., Senior Notes (BB+ , Ba1) 01/15/05 7.250 126,000
-------------
COSMETICS/PERSONAL CARE (0.2%)
270 Armkel LLC, Global Senior Subordinated Notes
(Callable 08/15/05 @ $104.75) (B , B2) 08/15/09 9.500 299,700
-------------
DIVERSIFIED FINANCIALS (10.6%)
2,190 American International Group, Inc.,
Rule 144A, Notes++ (AAA , Aaa) 05/15/13 4.250 2,067,218
940 Bear Stearns Companies, Inc., Global Notes (A , A1) 07/02/08 2.875 905,369
380 Capital One Bank, Subordinated Notes (BB+ , Baa3) 06/13/13 6.500 392,379
660 CIT Group, Inc., Global Senior Notes (A , A2) 04/02/12 7.750 771,483
320 Countrywide Home Loans, Inc.,
Global Company Guaranteed Notes (A , A3) 06/15/04 6.850 330,380
1,035 Countrywide Home Loans, Inc., Global
Notes (A , A3) 12/19/07 4.250 1,056,062
230 Countrywide Home Loans, Inc., Series MTN,
Global Notes (A , A3) 05/21/08 3.250 224,434
270 Erac USA Finance Co., Rule 144A,
Notes++ (BBB+ , Baa1) 05/15/06 6.625 292,606
745 FMR Corp., Rule 144A, Notes++ (AA , Aa3) 03/01/13 4.750 738,220
1,160 Ford Motor Credit Co., Global Bonds (BBB , A3) 02/01/11 7.375 1,182,702
1,205 Ford Motor Credit Co., Global Notes (BBB , A3) 02/01/06 6.875 1,261,798
520 Ford Motor Credit Co., Global Notes (BBB , A3) 10/28/09 7.375 538,518
</Table>
See Accompanying Notes to Financial Statements.
6
<Page>
<Table>
<Caption>
PAR RATINGS+
(000) (S&P/MOODY'S) MATURITY RATE% VALUE
----- ------------- -------- ------ -----
CORPORATE BONDS
DIVERSIFIED FINANCIALS
$ 1,190 General Electric Capital Corp., Series MTNA,
Global Notes (AAA , Aaa) 06/15/12 6.000 $ 1,282,737
1,170 General Motors Acceptance Corp., Global Bonds (BBB , A3) 11/01/31 8.000 1,206,639
770 General Motors Acceptance Corp., Global Notes~ (BBB , A3) 02/01/07 6.125 809,155
375 Goldman Sachs Group, Inc., Global Bonds (A+ , Aa3) 01/15/11 6.875 424,713
1,275 Goldman Sachs Group, Inc., Global Notes (A+ , Aa3) 04/01/13 5.250 1,283,856
1,445 Household Finance Corp., Global Notes (A , A1) 01/30/07 5.750 1,561,276
470 Household Finance Corp., Global Notes (A , A1) 07/15/10 8.000 558,919
530 MBNA America Bank, Rule 144A,
Subordinated Notes++ (BBB , Baa2) 03/15/08 6.750 590,967
870 Merrill Lynch & Company, Inc.,
Series MTNB, Notes (A+ , Aa3) 11/04/10 4.500 865,354
1,135 Morgan Stanley, Global Notes (A+ , Aa3) 03/01/13 5.300 1,153,976
310 Textron Financial Corp., Notes# (A- , A3) 10/06/06 1.500 309,971
810 Textron, Inc., Senior Notes (A- , A3) 08/01/10 4.500 806,188
-------------
20,614,920
-------------
ELECTRIC (5.3%)
740 American Electric Power Company, Inc.,
Series A, Global Notes (BBB , Baa3) 05/15/06 6.125 795,358
900 Cilcorp, Inc., Bonds (BBB+ , Baa2) 10/15/29 9.375 1,185,361
965 Cincinnati Gas & Electric Co., Notes (BBB , Baa1) 09/15/12 5.700 1,007,721
95 CMS Energy Corp., Senior Notes~ (B+ , B3) 01/15/09 7.500 97,137
695 Consolidated Edison Company of New York,
Debentures (A+ , A1) 02/01/13 4.875 696,063
285 Constellation Energy Group, Inc., Notes (BBB+ , Baa1) 04/01/07 6.350 310,899
375 Constellation Energy Group, Inc., Notes (BBB+ , Baa1) 04/01/12 7.000 425,798
200 Consumers Energy Co., 1st Mortgage Notes (BBB- , Baa3) 09/15/06 6.250 217,901
355 Dominion Resources, Inc., Series B,
Global Senior Notes (BBB+ , Baa1) 07/15/05 7.625 386,793
625 Energy East Corp., Notes (BBB , Baa2) 06/15/12 6.750 681,214
669 FPL Group Capital, Inc., Company
Guaranteed Notes (A- , A2) 09/15/06 7.625 755,588
490 FPL Group Capital, Inc., Notes (A- , A2) 04/11/06 3.250 496,080
305 Ohio Edison Co., Rule 144A, Senior Notes++ (BBB- , Baa2) 05/01/08 4.000 302,589
690 Oncor Electric Delivery Co., Global Secured Notes (BBB , Baa1) 05/01/32 7.000 755,023
550 Progress Energy, Inc., Senior Notes (BBB- , Baa2) 03/01/06 6.750 598,903
450 PSE&G Power LLC, Global Company
Guaranteed Notes (BBB , Baa1) 06/01/12 6.950 504,848
905 Public Service Company of Colorado,
Global Collateral Trust Notes (BBB+ , Baa1) 10/01/12 7.875 1,095,250
-------------
10,312,526
-------------
ELECTRICAL COMPONENTS & EQUIPMENT (0.0%)
60 Motors & Gears, Inc., Series D,
Senior Notes (Callable 11/15/03 @ $101.79) (CCC+ , Caa1) 11/15/06 10.750 49,500
-------------
</Table>
See Accompanying Notes to Financial Statements.
7
<Page>
<Table>
<Caption>
PAR RATINGS(1)
(000) (S&P/MOODY'S) MATURITY RATE% VALUE
----- ------------- -------- ------ -----
CORPORATE BONDS
ELECTRONICS (0.1%)
$ 135 Sanmina-Sci Corp., Global Company Guaranteed
Notes (Callable 01/15/07 @ $105.19) (BB- , Ba2) 01/15/10 10.375 $ 159,975
-------------
ENTERTAINMENT (1.0%)
155 Argosy Gaming Co., Company Guaranteed Notes
(Callable 06/01/04 @ $105.38) (B+ , B2) 06/01/09 10.750 170,500
200 Bluegreen Corp., Company Guaranteed Senior
Secured Notes (Callable 04/01/04 @ $103.50) (B , B3) 04/01/08 10.500 203,000
50 Horseshoe Gaming Holding Corp., Series B,
Company Guaranteed Notes
(Callable 05/15/04 @ $104.31) (B+ , B2) 05/15/09 8.625 53,438
270 Intrawest Corp., Global Company Guaranteed Notes
(Callable 02/01/05 @ $105.25) (B+ , B1) 02/01/10 10.500 298,012
150 Isle of Capri Casinos, Inc., Company Guaranteed
Notes (Callable 04/15/04 @ $104.38) (B , B2) 04/15/09 8.750 159,562
215 Kerzner International, Ltd., Global Company
Guaranteed Notes (Callable 08/15/06 @ $104.44) (B+ , B2) 08/15/11 8.875 235,694
490 Mohegan Tribal Gaming, Global Senior
Subordinated Notes (Callable 07/01/06
@ $104.19) (BB- , Ba3) 07/01/11 8.375 537,775
320 Penn National Gaming, Inc., Company Guaranteed
Notes (Callable 03/15/06 @ $104.44) (B , B3) 03/15/10 8.875 350,000
-------------
2,007,981
-------------
ENVIRONMENTAL CONTROL (1.0%)
85 Allied Waste North America, Series B, Company
Guaranteed Notes (Callable 01/01/04 @ $103.94) (BB- , Ba3) 01/01/09 7.875 89,250
230 Allied Waste North America, Series B,
Global Company Guaranteed Notes (BB- , Ba3) 04/01/08 8.875 255,300
625 Waste Management, Inc.,
Global Company Guaranteed Notes (BBB , Baa3) 05/15/32 7.750 734,499
130 Waste Management, Inc., Notes (BBB , Baa3) 04/30/04 8.000 133,619
570 Waste Management, Inc., Senior Notes~ (BBB , Baa3) 08/01/10 7.375 660,066
-------------
1,872,734
-------------
FOOD (1.9%)
445 ConAgra Foods, Inc., Notes (BBB+ , Baa1) 09/15/11 6.750 501,636
430 ConAgra Foods, Inc., Notes (BBB+ , Baa1) 09/15/30 8.250 542,870
150 Curtice Burns Food, Inc.,
Company Guaranteed Notes
(Callable 11/01/03 @ $105.94) (B- , B3) 11/01/08 11.875 159,375
650 General Mills, Inc., Global Notes (BBB+ , Baa2) 02/15/12 6.000 696,064
750 Kellogg Co., Global Senior Notes (BBB , Baa2) 06/01/08 2.875 722,496
770 Kellogg Co., Series B, Global Notes (BBB , Baa2) 04/01/11 6.600 861,581
215 Land O' Lakes, Inc., Global Senior
Notes (Callable 11/15/06 @ $104.38) (B+ , B2) 11/15/11 8.750 184,900
70 Stater Brothers Holdings, Inc., Senior Notes
(Callable 08/15/04 @ $102.69) (B- , B2) 08/15/06 10.750 74,113
-------------
3,743,035
-------------
</Table>
See Accompanying Notes to Financial Statements.
8
<Page>
<Table>
<Caption>
PAR RATINGS+
(000) (S&P/MOODY'S) MATURITY RATE% VALUE
----- ------------- -------- ------ -----
CORPORATE BONDS
FOREST PRODUCTS, PAPER (0.1%)
$ 250 Appleton Papers, Inc., Series B, Global Company
Guaranteed Notes (Callable 12/15/05 @ $106.25) (B+ , B3) 12/15/08 12.500 $ 277,500
-------------
GAS (0.7%)
640 KeySpan Corp., Senior Notes (A , A3) 11/15/30 8.000 813,734
585 Sempra Energy, Notes (BBB+ , Baa1) 12/01/05 6.950 638,449
-------------
1,452,183
-------------
HEALTHCARE PRODUCTS (0.4%)
805 Baxter International, Inc., Notes (A , A3) 05/01/07 5.250 861,139
-------------
HEALTHCARE SERVICES (0.5%)
190 HCA, Inc., Notes (BBB- , Ba1) 06/15/05 6.910 199,576
620 HCA, Inc., Notes (BBB- , Ba1) 07/01/07 7.000 667,895
90 HCA, Inc., Notes (BBB- , Ba1) 09/01/10 8.750 103,727
-------------
971,198
-------------
HOLDING COMPANIES-DIVERSIFIED (0.1%)
140 Werner Holding Co., Inc., Series A,
Company Guaranteed Notes
(Callable 11/15/03 @ $103.33)~ (CCC+ , B2) 11/15/07 10.000 105,700
-------------
HOME BUILDERS (0.1%)
110 KB Home, Senior Subordinated
Notes (Callable 02/15/06 @ $104.75) (BB- , Ba3) 02/15/11 9.500 122,650
75 Ryland Group, Senior
Notes (Callable 09/01/05 @ $104.88) (BBB- , Ba1) 09/01/10 9.750 86,250
-------------
208,900
-------------
INSURANCE (0.5%)
1,015 MetLife, Inc., Debentures (A , A2) 05/15/05 3.911 1,048,571
-------------
INTERNET SOFTWARE & SERVICES (0.2%)
425 Thomson Corp., Global Notes (A- , A3) 01/05/12 6.200 465,647
-------------
IRON & STEEL (0.0%)
105 AK Steel Corp., Company Guaranteed
Notes (Callable 02/15/04 @ $103.94)~ (B+ , B2) 02/15/09 7.875 74,025
-------------
LEISURE TIME (0.1%)
100 Hard Rock Hotel, Inc., Rule 144A,
Notes (Callable 06/01/08 @ $104.44)++ (B , B3) 06/01/13 8.875 105,875
105 Hockey Co./Sports Maska, Inc., Global Units
(Callable 04/15/06 @ $105.63) (B , B2) 04/15/09 11.250 119,175
-------------
225,050
-------------
LODGING (0.8%)
145 Ameristar Casinos, Inc., Global Company
Guaranteed Notes (Callable 02/15/06 @ $105.38) (B , B2) 02/15/09 10.750 167,838
120 Aztar Corp., Senior Subordinated
Notes (Callable 05/15/04 @ $102.96) (B+ , Ba3) 05/15/07 8.875 126,000
</Table>
See Accompanying Notes to Financial Statements.
9
<Page>
<Table>
<Caption>
PAR RATINGS+
(000) (S&P/MOODY'S) MATURITY RATE% VALUE
----- ------------- -------- ------ -----
CORPORATE BONDS
LODGING
$ 215 Boyd Gaming Corp., Global Company Guaranteed
Note (Callable 08/01/05 @ $104.63) (BB- , Ba3) 08/01/09 9.250 $ 242,681
25 MGM Mirage, Inc., Company Guaranteed Notes~ (BB- , Ba2) 02/01/11 8.375 28,000
145 Park Place Entertainment Corp.,
Senior Subordinated Notes (BB- , Ba2) 12/15/05 7.875 154,244
280 Prime Hospitality Corp., Series B, Global Senior
Subordinated Notes (Callable
05/01/07 @ $104.19) (B , B2) 05/01/12 8.375 287,000
300 Riviera Holdings Corp., Global Company
Guaranteed Notes (Callable 06/15/06 @ $105.50) (B , B2) 06/15/10 11.000 307,500
340 Windsor Woodmont Black Hawk, Series B, First
Mortgage (Callable 03/15/04 @ $104.33)## (NR , NR) 03/15/05 13.000 223,125
-------------
1,536,388
-------------
MEDIA (2.0%)
10 Comcast Cable Communications, Inc.,
Senior Notes (BBB , Baa3) 01/30/11 6.750 11,089
100 CSC Holdings, Inc., Series B, Senior Notes (BB- , B1) 07/15/09 8.125 104,500
250 CSC Holdings, Inc., Series B, Senior Notes (BB- , B1) 04/01/11 7.625 256,250
1,150 Liberty Media Corp., Global Senior Notes# (BBB- , Baa3) 09/17/06 2.640 1,146,313
425 News America Holdings, Inc.,
Company Guaranteed Notes (BBB- , Baa3) 02/01/13 9.250 548,203
730 News America Holdings, Inc., Debentures (BBB- , Baa3) 08/10/18 8.250 895,086
55 Rogers Cable, Inc., Global Secured Notes (BBB- , Ba2) 06/15/13 6.250 55,275
695 Time Warner, Inc., Global Company
Guaranteed Notes (BBB+ , Baa1) 04/15/31 7.625 779,457
-------------
3,796,173
-------------
MISCELLANEOUS MANUFACTURING (0.2%)
295 Building Materials Corp.,
Company Guaranteed Notes (B , B2) 12/01/08 8.000 289,100
-------------
OIL AND GAS PRODUCERS (0.6%)
140 Chesapeake Energy Corp.,
Global Company Guaranteed Senior
Notes (Callable 04/01/06 @ $104.06) (BB- , Ba3) 04/01/11 8.125 154,350
680 Enterprise Products Operations,
Company Guaranteed Notes (BBB , Baa2) 02/01/11 7.500 785,114
159 Magnum Hunter Resources, Inc.,
Company Guaranteed Notes
(Callable 06/01/04 @ $101.67)~ (B+ , B2) 06/01/07 10.000 165,161
55 Parker Drilling Co., Series B, Company
Guaranteed Senior Notes (Callable
11/15/04 @ $105.06) (B- , B2) 11/15/09 10.125 57,750
-------------
1,162,375
-------------
PACKAGING & CONTAINERS (0.7%)
125 Owens-Brockway Glass Containers,
Global Company Guaranteed Notes
(Callable 02/15/06 @ $104.44) (BB , B1) 02/15/09 8.875 136,250
</Table>
See Accompanying Notes to Financial Statements.
10
<Page>
<Table>
<Caption>
PAR RATINGS+
(000) (S&P/MOODY'S) MATURITY RATE% VALUE
----- ------------- -------- ------ -----
CORPORATE BONDS
PACKAGING & CONTAINERS
$ 150 Owens-Illinois, Inc., Senior Notes~ (B+ , B3) 05/15/08 7.350 $ 150,750
235 Sealed Air Corp., Rule 144A, Notes++ (BBB , Baa3) 05/15/09 6.950 259,820
385 Sealed Air Corp., Rule 144A, Senior Notes++ (BBB , Baa3) 04/15/08 5.375 400,545
380 Stone Container Corp., Global Senior Notes
(Callable 07/01/07 @ $104.19) (B , B2) 07/01/12 8.375 402,800
-------------
1,350,165
-------------
PHARMACEUTICALS (0.1%)
180 NBTY, Inc., Series B, Senior Subordinated
Notes (Callable 09/15/04 @ $101.44) (B+ , B1) 09/15/07 8.625 185,850
-------------
PIPELINES (0.3%)
410 Duke Energy Corp., First Mortgage Notes (A- , A3) 10/01/15 5.300 411,255
190 Western Gas Resources, Inc., Company
Guaranteed Notes (Callable 06/15/04 @ $105.00) (BB- , Ba3) 06/15/09 10.000 203,775
-------------
615,030
-------------
REAL ESTATE (0.6%)
675 EOP Operating LP, Notes (BBB+ , Baa1) 06/15/04 6.500 695,064
500 EOP Operating LP, Senior Notes (BBB+ , Baa1) 02/15/05 6.625 527,951
-------------
1,223,015
-------------
RETAIL (0.8%)
200 Leslie's Poolmart, Series B,
Senior Notes (Callable 07/15/05 @ $102.59) (B- , B2) 07/15/08 10.375 201,000
100 Sbarro, Inc., Company Guaranteed
Senior Notes (Callable 09/15/04 @ $105.50)~ (CCC , B3) 09/15/09 11.000 87,125
845 Target Corp., Notes (A+ , A2) 08/15/10 7.500 1,002,538
240 Yum! Brands, Inc., Senior Notes (BB+ , Ba1) 07/01/12 7.700 271,800
-------------
1,562,463
-------------
SAVINGS & LOANS (0.6%)
150 Sovereign Bancorp, Inc., Senior Notes (BBB- , Ba1) 11/15/06 10.500 178,164
885 Washington Mutual, Inc., Global Senior Notes (BBB+ , A3) 01/15/07 5.625 954,060
-------------
1,132,224
-------------
TELECOMMUNICATIONS (5.1%)
1,275 AT&T Broadband Corp.,
Global Company Guaranteed Notes (BBB , Baa3) 03/15/13 8.375 1,544,344
1,080 AT&T Corp., Global Senior Notes~,# (BBB , Baa2) 11/15/31 8.500 1,228,835
890 AT&T Wireless Services, Inc., Global Senior Notes (BBB , Baa2) 03/01/11 7.875 1,018,719
465 AT&T Wireless Services, Inc., Global Senior Notes (BBB , Baa2) 03/01/31 8.750 561,137
330 Citizens Communications Co., Global Senior Notes (BBB , Baa2) 08/15/31 9.000 428,377
330 Citizens Communications Co., Notes (BBB , Baa2) 05/15/06 8.500 373,017
325 Cox Communications, Inc., Notes (BBB , Baa2) 06/15/05 6.875 349,197
60 Insight Midwest/Insight Capital Corp., Global
Senior Notes (Callable 11/01/05 @ $105.25) (B+ , B2) 11/01/10 10.500 63,000
</Table>
See Accompanying Notes to Financial Statements.
11
<Page>
<Table>
<Caption>
PAR RATINGS+
(000) (S&P/MOODY'S) MATURITY RATE% VALUE
----- ------------- -------- ------ -----
CORPORATE BONDS
TELECOMMUNICATIONS
$ 40 Insight Midwest/Insight Capital Corp.,
Senior Notes (Callable 10/01/04 @ $104.88)~ (B+ , B2) 10/01/09 9.750 $ 41,000
42 Nextel Communications, Inc.,
Senior Discount Notes (Callable 02/15/04 @
$103.32)| (B+ , B2) 02/15/08 9.950 44,310
410 Nextel Communications, Inc.,
Senior Notes (Callable 11/15/04 @ $104.69) (B+ , B2) 11/15/09 9.375 448,950
820 Sprint Capital Corp.,
Global Company Guaranteed Notes (BBB- , Baa3) 03/15/32 8.750 935,862
565 Verizon Global Funding Corp., Global Notes (A+ , A2) 06/15/12 6.875 629,110
1,255 Verizon Global Funding Corp., Global Notes (A+ , A2) 12/01/30 7.750 1,458,004
650 Verizon Wireless Capital, Inc., Global Notes (A+ , A3) 12/15/06 5.375 694,788
-------------
9,818,650
-------------
TEXTILES (0.1%)
140 Simmons Co., Series B, Senior Subordinated
Notes (Callable 03/15/04 @ $105.13) (B- , B2) 03/15/09 10.250 149,800
-------------
TOTAL CORPORATE BONDS (Cost $67,067,294) 70,442,635
-------------
ASSET BACKED SECURITIES (14.8%)
2,200 Aesop Funding II LLC,
Series 2003-2A Class A2# (AAA , Aaa) 06/20/07 1.370 2,209,921
2,065 Ameriquest Mortgage Securities, Inc.,
Series 2003-AR2, Class A4# (AAA , Aaa) 05/25/33 1.470 2,066,126
900 Chase Credit Card Master Trust,
Series 2001-1, Class A# (AAA , Aaa) 06/15/07 1.290 901,687
125 Chase Funding Mortgage Loan,
Series 2002-2, Class 1A4 (AAA , Aaa) 08/25/28 4.877 128,203
1,735 Citibank Credit Card Issuance Trust,
Series 2000-A3, Class A3# (AAA , Aaa) 11/16/09 6.875 1,977,171
210 Citibank Credit Card Issuance Trust,
Series 2002-A1, Class A1 (AAA , Aaa) 02/09/09 4.950 223,065
2,245 Citibank Credit Card Issuance Trust,
Series 2002-A9, Class A9# (AAA , Aaa) 12/17/07 1.180 2,246,485
993 CNH Equipment Trust, Series 2002-A, Class A3# (AAA , Aaa) 07/17/06 1.370 992,550
1,438 Countrywide Home Equity Loan Trust,
Series 2002-C, Class A# (AAA , Aaa) 05/15/28 1.360 1,435,407
105 DaimlerChrysler Master Owner Trust,
Series 2002-A, Class A# (AAA , Aaa) 05/15/07 1.180 105,033
69 DLJ Acceptance Trust, Series 1989-1, Class F (AAA , Aaa) 08/01/19 11.000 78,698
500 Embarcadero Aircraft Securitization Trust,
Series 2000-A, Rule 144A, Class A1#,++ (BBB , Ba2) 08/15/25 1.600 215,000
2,245 First USA Credit Card Master Trust,
Series 2001-1, Class A# (AAA , Aaa) 09/19/08 1.270 2,252,391
370 First USA Credit Card Master Trust,
Series 2001-4, Class A# (AAA , Aaa) 01/12/09 1.260 370,867
</Table>
See Accompanying Notes to Financial Statements.
12
<Page>
<Table>
<Caption>
PAR RATINGS+
(000) (S&P/MOODY'S) MATURITY RATE% VALUE
----- ------------- -------- ------ -----
ASSET BACKED SECURITIES
$ 400 Ford Credit Auto Owner Trust,
Series 2003-A, Class A4B# (AAA , Aaa) 06/15/07 1.210 $ 400,250
130 Ford Credit Floorplan Master Owner Trust,
Series 2001-1, Class A# (AAA , Aaa) 07/17/06 1.210 130,061
196 GE Capital Mortgage Services, Inc.,
Series 1998-HE1, Class A7 (NR , Aaa) 06/25/28 6.465 202,003
1,175 Greenpoint Home Equity Loan Trust,
Series 2003-1, Class A# (AAA , Aaa) 04/15/29 1.390 1,173,291
2,245 MBNA Credit Card Master Note Trust,
Series 2002-A4, Class A4# (AAA , Aaa) 08/17/09 1.230 2,250,915
2,515 MBNA Master Credit Card Trust,
Series 1996-G, Class A# (AAA , Aaa) 12/15/08 1.300 2,526,096
3,000 MBNA Master Credit Card Trust,
Series 1998-G, Class A# (AAA , Aaa) 02/17/09 1.250 3,009,613
114 Mortgage Lenders Network Home Equity Loan,
Series 1998-2, Class A1# (AAA , Aaa) 07/25/29 6.605 117,909
2,245 SLM Student Loan Trust,
Series 2003-1, Class A2# (AAA , Aaa) 06/17/13 1.180 2,246,658
337 Small Business Administration,
Series 1992-20D, Class 1 (AAA , Aaa) 04/01/12 8.200 365,473
955 Vanderbilt Mortgage Finance,
Series 1998-C, Class 1B1 (BBB , Baa1) 02/07/15 6.970 979,916
-------------
TOTAL ASSET BACKED SECURITIES (Cost $28,710,051) 28,604,789
-------------
MORTGAGE-BACKED SECURITIES (53.7%)
4,635 Bear Stearns Commercial Mortgage Securities,
Inc., Series 2002-TOP6, Class A2 (AAA , Aaa) 10/15/36 6.460 5,155,107
90 Fannie Mae Global Bonds (AAA , Aaa) 01/15/08 3.250 89,948
1,080 Fannie Mae Global Bonds^^ (AAA , Aaa) 11/15/30 6.625 1,220,933
4,020 Fannie Mae Global Notes^^ (AAA , Aaa) 05/15/11 6.000 2,219,267
29 Fannie Mae Pool #004542 (AAA , Aaa) 12/01/08 12.000 32,162
10 Fannie Mae Pool #035574 (AAA , Aaa) 10/01/08 8.750 10,412
462 Fannie Mae Pool #124211# (AAA , Aaa) 12/01/21 3.450 472,765
124 Fannie Mae Pool #124790 (AAA , Aaa) 02/01/23 9.000 137,808
148 Fannie Mae Pool #125136 (AAA , Aaa) 07/01/07 8.000 156,380
50 Fannie Mae Pool #243876 (AAA , Aaa) 01/01/09 9.000 53,516
115 Fannie Mae Pool #252492 (AAA , Aaa) 05/01/29 7.500 123,635
79 Fannie Mae Pool #252874 (AAA , Aaa) 11/01/29 7.500 83,990
1,366 Fannie Mae Pool #254658 (AAA , Aaa) 02/01/33 7.000 1,441,103
622 Fannie Mae Pool #254702 (AAA , Aaa) 03/01/33 7.000 656,248
164 Fannie Mae Pool #270674 (AAA , Aaa) 09/01/17 9.000 183,152
450 Fannie Mae Pool #357456 (AAA , Aaa) 11/01/33 5.000 440,859
27 Fannie Mae Pool #447109 (AAA , Aaa) 11/01/29 7.500 28,895
185 Fannie Mae Pool #498569 (AAA , Aaa) 05/01/29 7.500 197,534
84 Fannie Mae Pool #501931 (AAA , Aaa) 02/01/30 7.000 88,542
5 Fannie Mae Pool #504305 (AAA , Aaa) 08/01/29 7.500 5,822
9 Fannie Mae Pool #504338 (AAA , Aaa) 10/01/29 7.500 9,436
</Table>
See Accompanying Notes to Financial Statements.
13
<Page>
<Table>
<Caption>
PAR RATINGS+
(000) (S&P/MOODY'S) MATURITY RATE% VALUE
----- ------------- -------- ------ -----
MORTGAGE-BACKED SECURITIES
$ 11 Fannie Mae Pool #504669 (AAA , Aaa) 10/01/29 7.500 $ 12,118
7 Fannie Mae Pool #504672 (AAA , Aaa) 10/01/29 7.500 7,902
20 Fannie Mae Pool #508801 (AAA , Aaa) 08/01/29 7.500 20,992
40 Fannie Mae Pool #515542 (AAA , Aaa) 10/01/29 8.000 43,240
30 Fannie Mae Pool #515943 (AAA , Aaa) 10/01/29 7.500 32,040
12 Fannie Mae Pool #516832 (AAA , Aaa) 01/01/30 7.500 13,244
9 Fannie Mae Pool #517888 (AAA , Aaa) 02/01/30 7.000 9,987
43 Fannie Mae Pool #517894 (AAA , Aaa) 03/01/30 7.500 45,997
3 Fannie Mae Pool #521146 (AAA , Aaa) 12/01/29 7.000 2,763
6 Fannie Mae Pool #521205 (AAA , Aaa) 12/01/29 7.500 6,326
12 Fannie Mae Pool #521369 (AAA , Aaa) 12/01/29 7.000 12,170
13 Fannie Mae Pool #523929 (AAA , Aaa) 11/01/29 7.500 13,775
1 Fannie Mae Pool #524164 (AAA , Aaa) 11/01/29 7.000 1,076
76 Fannie Mae Pool #524946 (AAA , Aaa) 03/01/30 8.000 81,854
21 Fannie Mae Pool #527587 (AAA , Aaa) 12/01/29 7.500 22,812
13 Fannie Mae Pool #527805 (AAA , Aaa) 03/01/30 7.500 13,886
11 Fannie Mae Pool #528289 (AAA , Aaa) 03/01/30 7.500 11,466
8 Fannie Mae Pool #528800 (AAA , Aaa) 01/01/30 7.000 8,260
137 Fannie Mae Pool #528803 (AAA , Aaa) 01/01/30 7.500 146,565
7 Fannie Mae Pool #529122 (AAA , Aaa) 02/01/30 6.500 7,014
3 Fannie Mae Pool #529210 (AAA , Aaa) 02/01/30 7.500 3,034
27 Fannie Mae Pool #530172 (AAA , Aaa) 03/01/30 7.500 29,220
21 Fannie Mae Pool #531075 (AAA , Aaa) 02/01/30 8.000 22,506
14 Fannie Mae Pool #532011 (AAA , Aaa) 03/01/30 7.500 15,028
96 Fannie Mae Pool #533033 (AAA , Aaa) 03/01/30 8.000 103,787
8 Fannie Mae Pool #533091 (AAA , Aaa) 03/01/30 7.500 8,391
11 Fannie Mae Pool #533421 (AAA , Aaa) 03/01/30 8.000 11,599
187 Fannie Mae Pool #533440 (AAA , Aaa) 01/01/30 8.000 202,205
54 Fannie Mae Pool #533586 (AAA , Aaa) 03/01/30 7.500 57,412
129 Fannie Mae Pool #533714 (AAA , Aaa) 03/01/30 8.000 139,430
17 Fannie Mae Pool #534125 (AAA , Aaa) 03/01/30 7.500 18,145
64 Fannie Mae Pool #535083 (AAA , Aaa) 12/01/29 7.500 68,164
33 Fannie Mae Pool #535159 (AAA , Aaa) 02/01/30 7.000 35,194
453 Fannie Mae Pool #589625 (AAA , Aaa) 11/01/24 6.500 472,753
759 Fannie Mae Pool #652310 (AAA , Aaa) 09/01/32 6.500 790,184
296 Fannie Mae Pool #653373 (AAA , Aaa) 09/01/32 7.500 316,936
261 Fannie Mae Pool #656862 (AAA , Aaa) 04/01/33 6.000 268,418
1,292 Fannie Mae Pool #662830 (AAA , Aaa) 10/01/32 7.500 1,384,640
2,154 Fannie Mae Pool #667742 (AAA , Aaa) 04/01/33 6.000 2,212,364
1,520 Fannie Mae Pool #674585 (AAA , Aaa) 12/01/32 6.500 1,581,295
399 Fannie Mae Pool #678886 (AAA , Aaa) 01/01/33 7.000 421,386
538 Fannie Mae Pool #685447 (AAA , Aaa) 02/01/33 7.000 568,461
1,340 Fannie Mae Pool #695851 (AAA , Aaa) 05/01/18 5.500 1,380,599
566 Fannie Mae Pool #696915 (AAA , Aaa) 04/01/33 6.000 581,297
1,500 Fannie Mae Pool #702129 (AAA , Aaa) 03/01/33 6.500 1,560,957
2,113 Fannie Mae Pool #702130^^ (AAA , Aaa) 03/01/33 7.000 2,229,078
</Table>
See Accompanying Notes to Financial Statements.
14
<Page>
<Table>
<Caption>
PAR RATINGS+
(000) (S&P/MOODY'S) MATURITY RATE% VALUE
----- ------------- -------- ------ -----
MORTGAGE-BACKED SECURITIES
$ 2,120 Fannie Mae Pool #703443^^ (AAA , Aaa) 05/01/18 5.000 $ 2,155,984
2,130 Fannie Mae Pool #703444^^ (AAA , Aaa) 05/01/18 5.000 2,166,168
387 Fannie Mae Pool #703598 (AAA , Aaa) 05/01/18 5.500 398,615
512 Fannie Mae Pool #704142 (AAA , Aaa) 05/01/18 5.500 527,558
340 Fannie Mae Pool #705651 (AAA , Aaa) 06/01/18 5.500 350,074
3,149 Fannie Mae Pool #708487 (AAA , Aaa) 04/01/33 6.000 3,234,405
1,369 Fannie Mae Pool #708704 (AAA , Aaa) 06/01/33 6.000 1,406,351
350 Fannie Mae Pool #709515 (AAA , Aaa) 05/01/18 5.500 360,109
474 Fannie Mae Pool #712118 (AAA , Aaa) 05/01/33 6.000 486,692
426 Fannie Mae Pool #712119 (AAA , Aaa) 05/01/33 6.000 437,486
50 Fannie Mae Pool #724290 (AAA , Aaa) 09/01/33 5.000 49,041
850 Fannie Mae Pool #746245 (AAA , Aaa) 11/01/33 5.000 835,860
1,873 Fannie Mae Pool #748643# (AAA , Aaa) 09/01/33 4.190 1,906,035
7,125 Federal Home Loan Bank Global
Bonds~ (AAA , Aaa) 07/15/08 2.625 6,877,071
2,231 FHLMC TBA (AAA , Aaa) 12/31/33 5.000 2,265,859
2,895 FNMA TBA (AAA , Aaa) 11/03/18 4.500 2,892,285
600 FNMA TBA (AAA , Aaa) 11/03/18 5.500 617,813
3,700 FNMA TBA (AAA , Aaa) 11/03/18 6.000 3,849,154
1,630 FNMA TBA (AAA , Aaa) 11/03/33 5.000 1,608,096
8,970 FNMA TBA (AAA , Aaa) 11/03/33 5.500 9,054,093
2,505 FNMA TBA (AAA , Aaa) 11/03/33 6.000 2,572,322
4,625 FNMA TBA (AAA , Aaa) 11/03/33 6.500 4,805,662
3,645 Freddie Mac Global Notes^^ (AAA , Aaa) 01/15/05 1.875 3,659,139
7,190 Freddie Mac Global Notes^^ (AAA , Aaa) 01/15/13 4.500 7,101,664
1,115 Freddie Mac Global Notes^^,~ (AAA , Aaa) 07/15/13 4.500 1,092,696
1,880 Freddie Mac Pool #1B1275^^,# (AAA , Aaa) 10/01/33 4.238 1,897,699
465 Freddie Mac Pool #292065^^ (AAA , Aaa) 04/01/17 8.500 509,952
334 Freddie Mac Pool #606523^^,# (AAA , Aaa) 10/01/19 3.927 345,846
4 Ginnie Mae Pool #058985 (AAA , Aaa) 07/15/13 11.000 5,232
10 Ginnie Mae Pool #068764 (AAA , Aaa) 09/15/13 12.000 11,541
52 Ginnie Mae Pool #093401 (AAA , Aaa) 01/15/10 9.500 57,763
2 Ginnie Mae Pool #296254 (AAA , Aaa) 09/15/20 9.500 2,098
604 Ginnie Mae Pool #598105 (AAA , Aaa) 03/15/33 6.000 624,739
568 Ginnie Mae Pool #598128 (AAA , Aaa) 03/15/33 6.000 587,537
515 Ginnie Mae Pool #598145 (AAA , Aaa) 03/15/33 6.000 531,814
326 Ginnie Mae Pool #600025 (AAA , Aaa) 03/15/33 6.000 336,586
170 Ginnie Mae Pool #604170 (AAA , Aaa) 04/15/33 6.500 178,118
459 Ginnie Mae Pool #604205 (AAA , Aaa) 04/15/33 6.500 481,230
2,220 GNMA TBA (AAA , Aaa) 11/03/33 5.500 2,241,507
375 GNMA TBA (AAA , Aaa) 11/03/33 6.000 387,305
3,440 GNMA TBA (AAA , Aaa) 11/03/33 6.500 3,602,327
360 LB-UBS Commercial Mortgage Trust,
Series 2003-C3, Class A1 (AAA , Aaa) 05/15/27 2.599 354,219
755 Master Adjustable Rate Mortgages
Trust, Series 2003-6, Class 7A1 (AAA , Aaa) 12/01/33 3.865 762,550
</Table>
See Accompanying Notes to Financial Statements.
15
<Page>
<Table>
<Caption>
PAR RATINGS+
(000) (S&P/MOODY'S) MATURITY RATE% VALUE
----- ------------- -------- ------ -----
MORTGAGE-BACKED SECURITIES
$ 755 Master Adjustable Rate Mortgages Trust,
Series 2003-6, Class 8A1 (AAA , Aaa) 12/01/33 4.587 $ 762,550
2,075 Morgan Stanley Capital I,
Series 2003-T11, Class A4 # (AAA , Aaa) 06/13/41 5.150 2,082,781
-------------
TOTAL MORTGAGE-BACKED SECURITIES (Cost $103,900,941) 104,277,110
-------------
FOREIGN BONDS (4.2%)
ASSET BACKED SECURITIES (0.2%)
350 Compania Nacional de Transmision Electrica SA,
Global Senior Notes (Chile) (A- , Baa1) 04/15/11 7.875 398,829
-------------
BANKS (0.5%)
915 Royal Bank of Scotland Group PLC,
Series 3, Global Bonds (Callable 12/31/05 @
$100.00) (United Kingdom) (A- , A1) 11/29/49 7.816 1,014,746
-------------
ELECTRIC (0.5%)
890 Pacificorp Australia, Rule 144A,
Bonds (Australia)++ (AAA , Aaa) 01/15/08 6.150 967,919
-------------
MINING (0.3%)
530 Corporacion Nacional del Cobre - Codelco,
Rule 144A, Notes (Chile)++ (A- , A2) 10/15/13 5.500 533,612
-------------
MISCELLANEOUS MANUFACTURING (0.4%)
600 Norsk Hydro ASA, Yankee Debentures (Norway) (A , A2) 06/15/23 7.750 719,655
5 Norsk Hydro ASA, Yankee Debentures (Norway) (A , A2) 11/15/25 7.150 5,694
-------------
725,349
-------------
OIL AND GAS PRODUCERS (0.1%)
250 Petroleos Mexicanos, Series REGS,
Euro Company Guaranteed Notes (Mexico) (BBB- , Baa1) 06/01/07 9.000 288,602
-------------
SOVEREIGN (1.9%)
1,070 Government of Russia,
Series V, Debentures (Russia) (B , Ba2) 05/14/08 3.000 938,925
490 Government of Ukraine, Euro-Dollar Bonds (Ukraine) (B , B2) 06/11/13 7.650 489,188
985 Republic of Philippines, Series B, Restructured Debt,
Foreign Government Guaranteed (Philippines) (BB , Ba1) 12/01/17 6.500 959,781
990 Republic of Poland,
Global Unsubordinated Notes (Poland) (BBB+ , A2) 01/15/14 5.250 985,050
260 United Mexican States, Global Bonds (Mexico) (BBB- , Baa2) 09/15/16 11.375 365,950
-------------
3,738,894
-------------
TELECOMMUNICATIONS (0.3%)
500 Deutsche Telekom International Finance,
Global Company Guaranteed
Notes (Netherlands)# (BBB+ , Baa3) 06/15/05 7.750 546,535
-------------
TOTAL FOREIGN BONDS (Cost $7,996,280) 8,214,486
-------------
</Table>
See Accompanying Notes to Financial Statements.
16
<Page>
<Table>
<Caption>
PAR RATINGS+
(000) (S&P/MOODY'S) MATURITY RATE% VALUE
----- ------------- -------- ------ -----
UNITED STATES TREASURY OBLIGATIONS (1.4%)
$ 780 United States Treasury Bonds (AAA , Aaa) 02/15/23 7.125 $ 965,342
805 United States Treasury Notes (AAA , Aaa) 08/31/05 2.000 808,900
970 United States Treasury Notes~ (AAA , Aaa) 08/15/06 2.375 973,335
-------------
TOTAL UNITED STATES TREASURY OBLIGATIONS (Cost $2,801,194) 2,747,577
-------------
<Caption>
NUMBER OF
SHARES
---------
COMMON STOCKS (0.0%)
FOOD (0.0%)
105 Archibald Candy Corp.*,^ 2,625
-------------
OIL & GAS SERVICES (0.0%)
2,156 Southwest Royalties, Inc.*,^ 32,620
-------------
TOTAL COMMON STOCKS (Cost $80,196) 35,245
-------------
PREFERRED STOCK (0.3%)
TELECOMMUNICATIONS (0.3%)
400 Centaur Funding Corp., Series B,
Rule 144A++ (Cost $405,680) 479,125
-------------
WARRANTS (0.0%)
BUILDING MATERIALS (0.0%)
65 Dayton Superior Corp.,
Rule 144A, strike $0.01, expires June 2009*,++ 1
-------------
TELECOMMUNICATIONS (0.0%)
40 GT Group Telecom, Inc., Rule 144A, strike $0.00
expires February 2010*,++ 35
70 IWO Holdings, Inc., Rule 144A, strike $7.00,
expires January 2011*,++ 0
7,020 XO Communications, Inc., Series A, Rule 144A,
strike $6.25, expires January 2010*,++ 11,232
5,265 XO Communications, Inc., Series B, Rule 144A,
strike $7.50, expires January 2010*,++ 7,371
5,265 XO Communications, Inc., Series C, Rule 144A,
strike $10.00, expires January 2010*,++ 5,002
-------------
23,640
-------------
TOTAL WARRANTS (Cost $3,300) 23,641
-------------
<Caption>
PAR
(000)
-----
SHORT-TERM U.S. TREASURY OBLIGATION (0.2%)
UNITED STATES TREASURY BILLS (0.2%)
$ 395 United States Treasury Bills++++(Cost $394,941) (AAA , Aaa) 11/06/03 0.860 394,971
-------------
</Table>
See Accompanying Notes to Financial Statements.
17
<Page>
<Table>
<Caption>
PAR
(000) MATURITY RATE% VALUE
----- -------- ------ -----
SHORT-TERM INVESTMENTS (12.7%)
$ 12,663 State Street Bank and Trust Co.
Euro Time Deposit^^ 11/03/03 0.750 $ 12,663,000
11,961 Suntrust Bank Time Deposit~~ 11/03/03 1.031 11,961,282
-------------
TOTAL SHORT-TERM INVESTMENTS (Cost $24,624,282) 24,624,282
-------------
TOTAL INVESTMENTS AT VALUE (123.6%) (Cost $235,984,159) 239,843,861
LIABILITIES IN EXCESS OF OTHER ASSETS (-23.6%) (45,778,899)
-------------
NET ASSETS (100.0%) $ 194,064,962
=============
</Table>
INVESTMENT ABBREVIATIONS
TBA = To Be Announced
+ 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 October 31,
2003, these securities amounted to a value of $6,977,137 or 3.60% of net
assets.
## Bond is currently in default.
| Step Bond -- The interest stated is as of October 31, 2003 and will reset
at a future date.
# Variable rate obligations -- The interest rate shown is the rate as of
October 31, 2003.
++++ Collateral segregated for futures contracts.
* Non-income producing security.
^ Not readily marketable security; security is valued at fair value as
determined in good faith by the Board of Trustees.
^^ Collateral segregated for TBA securities.
~ Security or portion thereof is out on loan.
~~ Represents security purchased with cash collateral received for
securities on loan.
See Accompanying Notes to Financial Statements.
18
<Page>
CREDIT SUISSE FIXED INCOME FUND
STATEMENT OF ASSETS AND LIABILITIES
October 31, 2003
<Table>
ASSETS
Investments at value, including collateral for securities on loan
of $11,961,282 (Cost $235,984,159) (Note 1) $ 239,843,861(1)
Cash 654
Receivable for investments sold 6,903,257
Interest receivable 1,984,255
Receivable for fund shares sold 115,342
Unrealized appreciation on forward currency contracts (Note 1) 81,198
Prepaid expenses and other assets 38,681
---------------
Total Assets 248,967,248
---------------
LIABILITIES
Advisory fee payable (Note 2) 98,092
Administrative services fee payable (Note 2) 47,945
Shareholder servicing/Distribution fee payable (Note 2) 32,150
Payable for investments purchased 42,361,245
Payable upon return of securities loaned 11,961,282
Payable for fund shares redeemed 174,952
Unrealized depreciation on forward currency contracts (Note 1) 11,965
Dividend payable 50,762
Variation margin payable (Note 1) 7,547
Trustees' fee payable 5,986
Other accrued expenses payable 150,360
---------------
Total Liabilities 54,902,286
---------------
NET ASSETS
Capital stock, $0.001 par value (Note 5) 19,711
Paid-in capital (Note 5) 212,123,503
Undistributed net investment income 118,857
Accumulated net realized loss on investments, futures contracts and
foreign currency transactions (22,266,098)
Net unrealized appreciation from investments, futures
contracts and foreign currency translations 4,068,989
---------------
Net Assets $ 194,064,962
===============
COMMON SHARES
Net assets $ 129,743,210
Shares outstanding 13,179,742
---------------
Net asset value, offering price, and redemption price per share $ 9.84
===============
ADVISOR SHARES
Net assets $ 19,989,788
Shares outstanding 2,030,393
---------------
Net asset value, offering price, and redemption price per share $ 9.84
===============
</Table>
See Accompanying Notes to Financial Statements.
19
<Page>
<Table>
A SHARES
Net assets $ 33,555,683
Shares outstanding 3,406,173
---------------
Net asset value and redemption price per share $ 9.85
===============
Maximum offering price per share (net asset value/(1-4.75%)) $ 10.34
===============
B SHARES
Net assets $ 8,395,083
Shares outstanding 852,900
---------------
Net asset value and offering price per share $ 9.84
===============
C SHARES
Net assets $ 2,381,198
Shares outstanding 241,927
---------------
Net asset value and offering price per share $ 9.84
===============
</Table>
(1) Including $11,572,227 of securities on loan.
See Accompanying Notes to Financial Statements.
20
<Page>
CREDIT SUISSE FIXED INCOME FUND
STATEMENT OF OPERATIONS
For the Year Ended October 31, 2003
<Table>
INVESTMENT INCOME (Note 1)
Interest $ 8,779,045
Dividends 24,470
Securities lending 48,913
---------------
Total investment income 8,852,428
---------------
EXPENSES
Investment advisory fees (Note 2) 990,953
Administrative services fees (Note 2) 359,711
Shareholder servicing/Distribution fees (Note 2) 175,924
Transfer agent fees (Note 2) 264,985
Registration fees 79,343
Custodian fees 65,737
Printing fees (Note 2) 54,860
Legal fees 47,256
Audit fees 34,604
Trustees' fees 18,987
Insurance expense 14,660
Interest expense 7,481
Miscellaneous expense 9,809
---------------
Total expenses 2,124,310
Less: fees waived (Note 2) (561,075)
---------------
Net expenses 1,563,235
---------------
Net investment income 7,289,193
---------------
NET REALIZED AND UNREALIZED GAIN (LOSS) FROM INVESTMENTS,
FUTURES CONTRACTS AND FOREIGN CURRENCY RELATED ITEMS
Net realized gain from investments 944,459
Net realized gain from futures contracts 950,939
Net realized gain on foreign currency transactions 198,083
Net change in unrealized appreciation (depreciation) from investments 9,406,544
Net change in unrealized appreciation (depreciation) from futures contracts (193,751)
Net change in unrealized appreciation (depreciation) from foreign currency
translations 69,233
---------------
Net realized and unrealized gain from investments, futures contracts,
and foreign currency related items 11,375,507
---------------
Net increase in net assets resulting from operations $ 18,664,700
===============
</Table>
See Accompanying Notes to Financial Statements.
21
<Page>
CREDIT SUISSE FIXED INCOME FUND
STATEMENTS OF CHANGES IN NET ASSETS
<Table>
<Caption>
FOR THE YEAR FOR THE YEAR
ENDED ENDED
OCTOBER 31, 2003 OCTOBER 31, 2002
---------------- ----------------
FROM OPERATIONS
Net investment income $ 7,289,193 $ 14,816,717
Net realized gain (loss) from investments, futures contracts
and foreign currency transactions 2,093,481 (18,776,793)
Net change in unrealized appreciation (depreciation) from
investments, futures contracts and foreign currency translations 9,282,026 (10,225,964)
---------------- ----------------
Net increase (decrease) in net assets resulting from operations 18,664,700 (14,186,040)
---------------- ----------------
FROM DIVIDENDS
Dividends from net investment income
Common Class shares (7,325,588) (13,524,004)
Advisor Class shares (964,964) (1,724,079)
Class A shares (194,085) (77,454)
Class B shares (210,137) (113,035)
Class C shares (39,650) (30,679)
---------------- ----------------
Net decrease in net assets resulting from dividends (8,734,424) (15,469,251)
---------------- ----------------
FROM CAPITAL SHARE TRANSACTIONS (Note 5)
Proceeds from sale of shares 46,731,122 141,942,883
Exchange value of shares due to merger 34,014,898 --
Reinvestment of dividends 7,957,336 12,760,334
Net asset value of shares redeemed (134,917,568) (273,724,434)
---------------- ----------------
Net decrease in net assets from capital share transactions (46,214,212) (119,021,217)
---------------- ----------------
Net decrease in net assets (36,283,936) (148,676,508)
NET ASSETS
Beginning of year 230,348,898 379,025,406
---------------- ----------------
End of year $ 194,064,962 $ 230,348,898
================ ================
Undistributed Net Investment Income $ 118,857 $ 919,194
================ ================
</Table>
See Accompanying Notes to Financial Statements.
22
<Page>
CREDIT SUISSE FIXED INCOME FUND
FINANCIAL HIGHLIGHTS
(For a Common Class Share of the Fund Outstanding Throughout Each Year)
<Table>
<Caption>
FOR THE YEAR ENDED OCTOBER 31,
-----------------------------------------------------------------
2003 2002(1) 2001 2000 1999
---------- ---------- ---------- ---------- ----------
PER SHARE DATA
Net asset value, beginning of year $ 9.42 $ 10.33 $ 9.78 $ 9.89 $ 10.41
---------- ---------- ---------- ---------- ----------
INVESTMENT OPERATIONS
Net investment income 0.37(2) 0.50 0.64 0.64 0.57
Net gain (loss) on investments, futures contracts,
and foreign currency related items
(both realized and unrealized) 0.49 (0.91) 0.55 (0.11) (0.48)
---------- ---------- ---------- ---------- ----------
Total from investment operations 0.86 (0.41) 1.19 0.53 0.09
---------- ---------- ---------- ---------- ----------
LESS DIVIDENDS AND DISTRIBUTIONS
Dividends from net investment income (0.44) (0.50) (0.64) (0.64) (0.57)
Distributions from net realized gains -- -- -- -- (0.04)
---------- ---------- ---------- ---------- ----------
Total dividends and distributions (0.44) (0.50) (0.64) (0.64) (0.61)
---------- ---------- ---------- ---------- ----------
NET ASSET VALUE, END OF YEAR $ 9.84 $ 9.42 $ 10.33 $ 9.78 $ 9.89
========== ========== ========== ========== ==========
Total return(3) 9.19% (4.07)% 12.52% 5.59% 0.92%
RATIOS AND SUPPLEMENTAL DATA
Net assets, end of year (000s omitted) $ 129,743 $ 194,688 $ 334,647 $ 302,188 $ 393,433
Ratio of expenses to average net assets(4) 0.70% 0.70% 0.72% 0.77% 0.76%
Ratio of net investment income
to average net assets 3.82% 4.90% 6.32% 6.53% 5.63%
Decrease reflected in above operating expense
ratios due to waivers/reimbursements 0.28% 0.22% 0.13% 0.02% 0.04%
Portfolio turnover rate 434% 385% 383% 247% 144%
</Table>
(1) As required, effective November 1, 2001, the Fund adopted the provisions of
AICPA Audit and Accounting Guide for Investment Companies and began
including paydown gains and losses in interest income. The effect of this
change is less than $0.01 per share for the year ended October 31, 2002 on
net investment income, net realized and unrealized gains and losses and the
ratio of net investment income to average net assets. Per share ratios and
supplemental data for prior periods have not been restated to reflect this
change.
(2) Per share information is calculated using the average shares outstanding
method.
(3) 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 years shown, total returns would have been lower.
(4) Interest earned on uninvested cash balances may be used to offset portions
of the transfer agent expenses. These arrangements resulted in a reduction
to the Common Class shares' net expense ratio by .02%, and .01% for the
years ended October 31, 2000, and 1999, respectively. The Common Class
shares' net operating expense ratios after reflecting these arrangements
were .75% for the years ended October 31, 2000, and 1999, respectively. For
the years ended October 31, 2003, 2002, and 2001, there was no effect on
the net operating expense ratio because of transfer agent credits.
See Accompanying Notes to Financial Statements.
23
<Page>
CREDIT SUISSE FIXED INCOME FUND
FINANCIAL HIGHLIGHTS
(For an Advisor Class Share of the Fund Outstanding Throughout Each Year)
<Table>
<Caption>
FOR THE YEAR ENDED OCTOBER 31,
-----------------------------------------------------------------
2003 2002(1) 2001 2000 1999
---------- ---------- ---------- ---------- ----------
PER SHARE DATA
Net asset value, beginning of year $ 9.42 $ 10.33 $ 9.78 $ 9.89 $ 10.41
---------- ---------- ---------- ---------- ----------
INVESTMENT OPERATIONS
Net investment income 0.33(2) 0.47 0.62 0.62 0.54
Net gain (loss) on investments, futures contracts,
and foreign currency related items
(both realized and unrealized) 0.49 (0.91) 0.55 (0.11) (0.48)
---------- ---------- ---------- ---------- ----------
Total from investment operations 0.82 (0.44) 1.17 0.51 0.06
---------- ---------- ---------- ---------- ----------
LESS DIVIDENDS AND DISTRIBUTIONS
Dividends from net investment income (0.40) (0.47) (0.62) (0.62) (0.54)
Distributions from net realized gains -- -- -- -- (0.04)
---------- ---------- ---------- ---------- ----------
Total dividends and distributions (0.40) (0.47) (0.62) (0.62) (0.58)
---------- ---------- ---------- ---------- ----------
NET ASSET VALUE, END OF YEAR $ 9.84 $ 9.42 $ 10.33 $ 9.78 $ 9.89
========== ========== ========== ========== ==========
Total return(3) 8.77% (4.31)% 12.24% 5.33% 0.67%
RATIOS AND SUPPLEMENTAL DATA
Net assets, end of year (000s omitted) $ 19,990 $ 25,650 $ 42,633 $ 6,804 $ 6,817
Ratio of expenses to average net assets(4) 1.09% 0.95% 0.96% 1.02% 1.01%
Ratio of net investment income
to average net assets 3.42% 4.65% 5.86% 6.31% 5.38%
Decrease reflected in above operating expense
ratios due to waivers/reimbursements 0.28% 0.22% 0.17% 0.02% 0.05%
Portfolio turnover rate 434% 385% 383% 247% 144%
</Table>
(1) As required, effective November 1, 2001, the Fund adopted the provisions of
AICPA Audit and Accounting Guide for Investment Companies and began
including paydown gains and losses in interest income. The effect of this
change is less than $0.01 per share for the year ended October 31, 2002 on
net investment income, net realized and unrealized gains and losses and the
ratio of net investment income to average net assets. Per share ratios and
supplemental data for prior periods have not been restated to reflect this
change.
(2) Per share information is calculated using the average shares outstanding
method.
(3) 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 years shown, total returns would have been lower.
(4) Interest earned on uninvested cash balances may be used to offset portions
of the transfer agent expenses. These arrangements resulted in a reduction
to the Advisor Class shares' net expense ratio by .01%, .02%, and .01% for
the years ended October 31, 2001, 2000, and 1999, respectively. The Advisor
Class shares' net operating expense ratios after reflecting these
arrangements were .95% for the year ended October 31, 2001, and 1.00% for
the years ended October 31, 2000, and 1999, respectively. For the years
ended October 31, 2003 and 2002, there was no effect on the net operating
expense ratio because of transfer agent credits.
See Accompanying Notes to Financial Statements.
24
<Page>
(For a Class A Share of the Fund Outstanding Throughout Each Period)
<Table>
<Caption>
FOR THE YEAR ENDED OCTOBER 31,
------------------------------------------
2003 2002(1) 2001(2)
---------- ---------- ----------
PER SHARE DATA
Net asset value, beginning of period $ 9.42 $ 10.33 $ 10.26
---------- ---------- ----------
INVESTMENT OPERATIONS
Net investment income 0.18(3) 0.48 0.15
Net gain (loss) on investments, futures contracts,
and foreign currency related items
(both realized and unrealized) 0.66 (0.91) 0.07
---------- ---------- ----------
Total from investment operations 0.84 (0.43) 0.22
---------- ---------- ----------
LESS DIVIDENDS
Dividends from net investment income (0.41) (0.48) (0.15)
---------- ---------- ----------
NET ASSET VALUE, END OF PERIOD $ 9.85 $ 9.42 $ 10.33
========== ========== ==========
Total return(4) 9.03% (4.27)% 2.13%
RATIOS AND SUPPLEMENTAL DATA
Net assets, end of period (000s omitted) $ 33,556 $ 3,829 $ 406
Ratio of expenses to average net assets(5) 0.95% 0.95% 0.95%(6)
Ratio of net investment income
to average net assets 1.83% 4.54% 5.66%(6)
Decrease reflected in above operating expense
ratios due to waivers/reimbursements 0.28% 0.25% 0.31%(6)
Portfolio turnover rate 434% 385% 383%
</Table>
(1) As required, effective November 1, 2001, the Fund adopted the provisions of
AICPA Audit and Accounting Guide for Investment Companies and began
including paydown gains and losses in interest income. The effect of this
change is less than $0.01 per share for the year ended October 31, 2002 on
net investment income, net realized and unrealized gains and losses and the
ratio of net investment income to average net assets. Per share ratios and
supplemental data for prior periods have not been restated to reflect this
change.
(2) For the period July 31, 2001 (inception date) through October 31, 2001.
(3) Per share information is calculated using the average shares outstanding
method.
(4) Total returns are historical and assume changes in share price and
reinvestment of all dividends and distributions and no sales charge. 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.
(5) Interest earned on uninvested cash balances may be used to offset portions
of the transfer agent expense. For the years ended October 31, 2003 and
2002 and the period ended October 31, 2001, there was no effect on the net
operating expense ratio because of transfer agent credits.
(6) Annualized
See Accompanying Notes to Financial Statements.
25
<Page>
(For a Class B Share of the Fund Outstanding Throughout Each Period)
<Table>
<Caption>
FOR THE YEAR ENDED OCTOBER 31,
------------------------------------------
2003 2002(1) 2001(2)
---------- ---------- ----------
PER SHARE DATA
Net asset value, beginning of period $ 9.42 $ 10.33 $ 10.26
---------- ---------- ----------
INVESTMENT OPERATIONS
Net investment income 0.26(3) 0.40 0.13
Net gain (loss) on investments, futures contracts,
and foreign currency related items
(both realized and unrealized) 0.50 (0.91) 0.07
---------- ---------- ----------
Total from investment operations 0.76 (0.51) 0.20
---------- ---------- ----------
LESS DIVIDENDS
Dividends from net investment income (0.34) (0.40) (0.13)
---------- ---------- ----------
NET ASSET VALUE, END OF PERIOD $ 9.84 $ 9.42 $ 10.33
========== ========== ==========
Total return(4) 8.11% (5.02)% 1.96%
RATIOS AND SUPPLEMENTAL DATA
Net assets, end of period (000s omitted) $ 8,395 $ 5,149 $ 1,044
Ratio of expenses to average net assets(5) 1.70% 1.70% 1.70%(6)
Ratio of net investment income
to average net assets 2.65% 3.76% 4.87%(6)
Decrease reflected in above operating expense
ratios due to waivers/reimbursements 0.28% 0.24% 0.32%(6)
Portfolio turnover rate 434% 385% 383%
</Table>
(1) As required, effective November 1, 2001, the Fund adopted the provisions of
AICPA Audit and Accounting Guide for Investment Companies and began
including paydown gains and losses in interest income. The effect of this
change is less than $0.01 per share for the year ended October 31, 2002 on
net investment income, net realized and unrealized gains and losses and the
ratio of net investment income to average net assets. Per share ratios and
supplemental data for prior periods have not been restated to reflect this
change.
(2) For the period July 31, 2001 (inception date) through October 31, 2001.
(3) Per share information is calculated using the average shares outstanding
method.
(4) Total returns are historical and assume changes in share price,
reinvestment of all dividends and distributions and no sales charge. 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.
(5) Interest earned on uninvested cash balances may be used to offset portions
of the transfer agent expense. For the years ended October 31, 2003 and
2002 and the period ended October 31, 2001, there was no effect on the net
operating expense ratio because of transfer agent credits.
(6) Annualized
See Accompanying Notes to Financial Statements.
26
<Page>
(For a Class C Share of the Fund Outstanding Throughout Each Period)
<Table>
<Caption>
FOR THE YEAR ENDED OCTOBER 31,
------------------------------------------
2003 2002(1) 2001(2)
---------- ---------- ----------
PER SHARE DATA
Net asset value, beginning of period $ 9.42 $ 10.33 $ 10.26
---------- ---------- ----------
INVESTMENT OPERATIONS
Net investment income 0.24(3) 0.40 0.12
Net gain (loss) on investments, futures contracts,
and foreign currency related items
(both realized and unrealized) 0.52 (0.91) 0.07
---------- ---------- ----------
Total from investment operations 0.76 (0.51) 0.19
---------- ---------- ----------
LESS DIVIDENDS
Dividends from net investment income (0.34) (0.40) (0.12)
---------- ---------- ----------
NET ASSET VALUE, END OF PERIOD $ 9.84 $ 9.42 $ 10.33
========== ========== ==========
Total return(4) 8.11% (5.03)% 1.89%
RATIOS AND SUPPLEMENTAL DATA
Net assets, end of period (000s omitted) $ 2,381 $ 1,033 $ 296
Ratio of expenses to average net assets(5) 1.70% 1.70% 1.70%(6)
Ratio of net investment income
to average net assets 2.45% 3.81% 4.82%(6)
Decrease reflected in above operating expense
ratios due to waivers/reimbursements 0.28% 0.23% 0.33%(6)
Portfolio turnover rate 434% 385% 383%
</Table>
(1) As required, effective November 1, 2001, the Fund adopted the provisions of
AICPA Audit and Accounting Guide for Investment Companies and began
including paydown gains and losses in interest income. The effect of this
change is less than $0.01 per share for the year ended October 31, 2002 on
net investment income, net realized and unrealized gains and losses and the
ratio of net investment income to average net assets. Per share ratios and
supplemental data for prior periods have not been restated to reflect this
change.
(2) For the period July 31, 2001 (inception date) through October 31, 2001.
(3) Per share information is calculated using the average shares outstanding
method.
(4) Total returns are historical and assume changes in share price,
reinvestment of all dividends and distributions and no sales charge. 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.
(5) Interest earned on uninvested cash balances may be used to offset portions
of the transfer agent expense. For the years ended October 31, 2003 and
2002 and the period ended October 31, 2001, there was no effect on the net
operating expense ratio because of transfer agent credits.
(6) Annualized
See Accompanying Notes to Financial Statements.
27
<Page>
CREDIT SUISSE FIXED INCOME FUND
NOTES TO FINANCIAL STATEMENTS
October 31, 2003
NOTE 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Credit Suisse Fixed Income 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 to generate high current
income consistent with reasonable risk and, secondarily, capital appreciation.
The Fund was organized under the laws of the Commonwealth of Massachusetts as a
business trust on January 20, 1987.
The Fund is authorized to offer five classes of shares: Common Class, Advisor
Class, Class A, Class B, and Class C shares. Each class of shares 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.
Effective December 12, 2001, the Common Class closed to new investors. Class A
shares are sold subject to a front-end sales charge of up to 4.75%. Class B
shares are sold subject to a contingent deferred sales charge which declines
from 4.00% to zero depending on the period of time the shares are held. Class C
shares are sold subject to a contingent deferred sales charge of 1.00% if
redeemed within the first year of purchase.
Effective as of the close of business on October 10, 2003, the Fund acquired
all of the net assets of the Credit Suisse Investment Grade Bond Fund
("Investment Grade Bond") in a tax-free exchange of shares. The Fund was also
the accounting survivor in the tax-free exchange. The shares exchanged were
3,055,439 Class A shares (valued at $30,096,186) of the Fund for 2,929,657
Common Class shares of Investment Grade Bond, 41,472 Class A shares (valued at
$408,501) of the Fund for 39,772 Class A shares of Investment Grade Bond,
245,688 Class B shares (valued at $2,417,588) of the Fund for 235,344 Class B
shares of Investment Grade Bond, and 111,039 Class C shares (valued at
$1,092,623) of the Fund for 106,231 Class C shares of Investment Grade Bond.
Investment Grade Bond's net assets of $34,014,898 at that date, which included
$438,125 of unrealized appreciation, were combined with those of the Fund. The
aggregate net assets of Investment Grade Bond and the Fund immediately before
the acquisition were $34,014,898 and $161,952,646, respectively, and the
combined net assets of the Fund after the acquisition were $195,967,544.
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. The Fund's
28
<Page>
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. 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 the Board of Trustees under procedures established by the Board
of Trustees. 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 this method would not represent fair value.
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 TRANSACTION 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. Certain expenses are
class-specific expenses and vary by class. 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 the 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.
29
<Page>
D) DIVIDENDS AND DISTRIBUTIONS TO SHAREHOLDERS -- Dividends from net
investment income are declared daily and paid monthly. 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 make the requisite distributions to its shareholders,
which will be sufficient to relieve it from federal income and excise taxes.
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 revenues 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 ("CSAM"), an indirect,
wholly-owned subsidiary of Credit Suisse Group, 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 CSAM.
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 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.
30
<Page>
At October 31, 2003, the Fund had the following open forward foreign currency
contracts:
<Table>
<Caption>
FOREIGN CURRENCY
EXPIRATION TO BE CONTRACT CONTRACT UNREALIZED
FORWARD FOREIGN CURRENCY CONTRACT DATE PURCHASED/(SOLD) AMOUNT VALUE GAIN (LOSS)
- --------------------------------- ---------- ---------------- ------------ ----------- -----------
Australian Dollar 1/5/2004 A$ 1,570,000 $ 1,059,762 $ 1,103,911 $ 44,149
Canadian Dollar 1/5/2004 C$ 1,200,000 906,002 906,990 988
Canadian Dollar 1/5/2004 C$ (1,200,000) (912,152) (906,990) 5,162
European Economic Unit 1/5/2004 EURO 1,836,000 2,139,619 2,127,654 (11,965)
European Economic Unit 1/5/2004 EURO (1,053,000) (1,237,665) (1,220,273) 17,392
Japanese Yen 1/5/2004 Y 174,000,000 1,570,253 1,583,760 13,507
------------ ----------- -----------
$ 3,525,819 $ 3,595,052 $ 69,233
============ =========== ===========
</Table>
I) TBA PURCHASE COMMITMENTS -- The Fund may enter into "TBA" (to be
announced) purchase commitments to purchase securities for a fixed price at a
future date, typically not exceeding 45 days. TBA purchase commitments may be
considered securities in themselves, and involve a risk of loss if the value of
the security to be purchased declines prior to settlement date. This risk is in
addition to the risk of decline in the Fund's other assets. Unsettled TBA
purchase commitments are valued at the current market value of the underlying
securities, according to the procedures described under "Security Valuation"
above.
J) FUTURES -- The Fund may enter into futures contracts to the extent
permitted by its investment policies and objectives. Upon entering into a
futures contract, the Fund is required to deposit cash or pledge U.S. Government
securities as initial margin. Subsequent payments, which are dependent on the
daily fluctuations in the value of the underlying instrument, are made or
received by the Fund each day (daily variation margin) and are recorded as
unrealized gains or losses until the contracts are closed. When the contracts
are closed, the Fund records a realized gain or loss equal to the difference
between the proceeds from (or cost of) the closing transactions and the Fund's
basis in the contracts. Risks of entering into futures contracts for hedging
purposes include the possibility that a change in the value of the contract may
not correlate with the changes in the value of the underlying instruments. In
addition, the purchase of a futures contract involves the risk that the Fund
could lose more than the original margin
31
<Page>
deposit and subsequent payments required for a futures transaction. At October
31, 2003, the Fund had the following open futures contracts:
<Table>
<Caption>
NUMBER OF EXPIRATION CONTRACT CONTRACT UNREALIZED
FUTURES CONTRACTS CONTRACTS DATE AMOUNT VALUE APPRECIATION
- --------------------------------- --------- ---------- ------------- -------------- ------------
U.S. Treasury
Bonds Futures 46 12/19/2003 $ 4,890,401 $ 5,001,063 $ 110,662
U.S. Treasury 2
Year Notes Futures 38 12/30/2003 8,148,666 8,149,813 1,147
------------- ------------- ------------
$ 13,039,067 $ 13,150,876 $ 111,809
------------- ------------- ------------
U.S. Treasury 5
Year Notes Futures (5) 12/19/2003 $ (14,176,400) $ (14,149,406) $ 26,994
U.S. Treasury 10
Year Notes Futures (126) 12/19/2003 (560,314) (559,063) 1,251
------------- ------------- ------------
$ (14,736,714) $ (14,708,469) $ 28,245
------------- ------------- ------------
</Table>
K) 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
is pooled together with cash collateral for other funds/portfolios advised by
CSAM and may be invested in a variety of investments, including certain CSAM --
advised funds, money market instruments and the AIM Institutional Funds --
Liquid Assets 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 market value of securities on loan to brokers and the value of collateral
held by the Fund with respect to such loans at October 31, 2003 is as follows:
<Table>
<Caption>
MARKET VALUE OF VALUE OF
SECURITIES LOANED COLLATERAL RECEIVED
----------------- -------------------
$ 11,572,227 $ 11,961,282
</Table>
Credit Suisse First Boston ("CSFB"), an affiliate of CSAM, has been engaged
by the Fund to act as the Fund's securities lending agent. Prior to April 1,
2003, CSFB had agreed to charge the Fund fees for its securities lending
activities equal to its costs in providing services as securities lending agent
and had voluntarily waived such fees through March 31, 2003.
32
<Page>
Effective April 1, 2003, the Fund and CSFB entered into an arrangement to share
the income earned from securities lending activities, whereby, generally, the
Fund 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 Fund shall be reduced to such lower fee
amount.
L) 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 risks (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.
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 or gains are earned.
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
0.50% of the Fund's average daily net assets. For the year ended
33
<Page>
October 31, 2003, investment advisory fees earned and voluntarily waived were as
follows:
<Table>
<Caption>
GROSS NET
ADVISORY FEE WAIVER ADVISORY FEE
------------ ------ ------------
$ 990,953 $ (561,075) $ 429,878
</Table>
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 currently receives a fee
calculated at an annual rate of 0.10% of the Fund's average daily net assets.
For the year ended October 31, 2003, co-administrative services fees earned by
CSAMSI were $198,191.
For its co-administrative services, SSB receives a fee, exclusive of
out-of-pocket expenses, based upon the following fee schedule 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/portfolio, subject
to an annual minimum fee.
<Table>
<Caption>
AVERAGE DAILY NET ASSETS ANNUAL RATE
------------------------ -----------
First $5 billion 0.050% of average daily net assets
Next $5 billion 0.035% of average daily net assets
Over $10 billion 0.020% of average daily net assets
</Table>
For the year ended October 31, 2003, co-administrative services fees earned
by SSB (including out-of-pocket expenses) were $161,520.
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. Advisor Class shares may pay such fee at an
annual rate not to exceed 0.75% of the average daily net assets. This fee is
currently calculated at an annual rate of 0.50% of the average daily net assets
of the Advisor Class shares; prior to April 6, 2003, this fee was calculated at
an annual rate of 0.25% of the average daily net assets of the Advisor Class
shares. For Class A shares of the Fund, the fee is calculated at an annual rate
of 0.25% of the daily average net assets of the Class A shares. For Class B and
Class C shares of the Fund, the fee is calculated at an annual rate of 1.00% of
the average daily net assets of the Class B and Class C shares of the Fund.
Common Class shares do
34
<Page>
not bear any distribution fees. For the year ended October 31, 2003, shareholder
servicing and distribution fees earned by CSAMSI were as follows:
<Table>
<Caption>
SHAREHOLDER SERVICING/
CLASS DISTRIBUTION FEE
----- ----------------------
Advisor Class $ 90,911
Class A 12,060
Class B 61,337
Class C 11,616
---------
$ 175,924
==========
</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 year ended October 31, 2003,
the Fund reimbursed CSAM $177,695, which is included in the Fund's transfer
agent expense.
For the year ended October 31, 2003, CSAMSI and its affiliates advised the
Fund that it retained $1,229 from commissions earned on the sale of the Fund's
Class A shares.
For the year ended October 31, 2003, CSFB received $8,775 in fees for its
securities lending activities.
Merrill Corporation ("Merrill"), an affiliate of CSAM, has been engaged by
the Fund to provide certain financial printing and fulfillment services. For the
year ended October 31, 2003, Merrill was paid $31,734 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 $100 million committed, unsecured
line of credit facility ("Credit Facility") for temporary or emergency purposes
with Deutsche Bank, A.G. as administrative agent and syndication agent and SSB
as operations agent. 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 October 31, 2003 and during
the year ended October 31, 2003, the Fund had no borrowings under the Credit
Facility.
35
<Page>
NOTE 4. PURCHASES AND SALES OF SECURITIES
For the year ended October 31, 2003, purchases and sales of investment
securities (excluding short-term investments) and U.S. Government and Agency
Obligations were as follows:
<Table>
<Caption>
INVESTMENTS U.S. GOVERNMENT AND AGENCY OBLIGATIONS
----------------------------- --------------------------------------
PURCHASES SALES PURCHASES SALES
------------- ------------- --------------------------------------
$ 900,621,627 $ 928,935,531 $ 611,113,720 $ 660,516,635
</Table>
In connection with a review of the Fund, CSAM became aware of certain
portfolio transactions undertaken on behalf of the Fund with respect to which
the Fund paid commissions. Upon further analysis, CSAM believes that such
transactions could have been effected in a more efficient manner for the Fund
and, as a result, CSAM determined to pay the amount of the commissions, with
interest, to the Fund. The payment amount did not have a material effect on the
Fund's net asset value per share as of October 31, 2003.
NOTE 5. CAPITAL SHARE TRANSACTIONS
The Fund is authorized to issue an unlimited number of full and fractional
shares of beneficial interest, $.001 par value per share, of which an unlimited
number of shares are classified as Common Class shares, Advisor Class shares,
Class A shares, Class B shares, and Class C shares. Transactions in capital
shares for each class were as follows:
<Table>
<Caption>
COMMON CLASS
------------------------------------------------------------------------
FOR THE YEAR ENDED
------------------------------------------------------------------------
OCTOBER 31, 2003 OCTOBER 31, 2002
------------------------------------------------------------------------
SHARES VALUE SHARES VALUE
--------------- --------------- --------------- ---------------
Shares sold 4,007,018 $ 39,160,319 12,935,824 $ 127,315,250
Shares issued in reinvestment
of dividends 703,090 6,881,933 1,165,358 11,445,049
Shares redeemed (12,202,771) (119,362,160) (25,825,803) (252,907,577)
--------------- --------------- --------------- ---------------
Net decrease (7,492,663) $ (73,319,908) (11,724,621) $ (114,147,278)
=============== =============== =============== ===============
<Caption>
ADVISOR CLASS
------------------------------------------------------------------------
FOR THE YEAR ENDED
------------------------------------------------------------------------
OCTOBER 31, 2003 OCTOBER 31, 2002
------------------------------------------------------------------------
SHARES VALUE SHARES VALUE
--------------- --------------- --------------- ---------------
Shares sold 77,275 $ 758,784 442,170 $ 4,399,467
Shares issued in reinvestment
of dividends 71,094 695,886 119,167 1,172,018
Shares redeemed (841,112) (8,240,192) (1,964,601) (19,124,277)
--------------- --------------- --------------- ---------------
Net decrease (692,743) $ (6,785,522) (1,403,264) $ (13,552,792)
=============== =============== =============== ===============
</Table>
36
<Page>
<Table>
<Caption>
CLASS A
----------------------------------------------------------------
FOR THE YEAR ENDED
----------------------------------------------------------------
OCTOBER 31, 2003 OCTOBER 31, 2002
----------------------------------------------------------------
SHARES VALUE SHARES VALUE
------------- ------------- ------------- -------------
Shares sold 385,695 $ 3,797,257 431,754 $ 4,181,523
Shares exchanged due to merger 3,096,911 30,504,687
Shares issued in reinvestment
of dividends 20,465 201,028 6,150 58,737
Shares redeemed (503,290) (4,906,649) (70,779) (704,769)
------------- ------------- ------------- -------------
Net increase 2,999,781 $ 29,596,323 367,125 $ 3,535,491
============= ============= ============= =============
</Table>
<Table>
<Caption>
CLASS B
----------------------------------------------------------------
FOR THE YEAR ENDED
----------------------------------------------------------------
OCTOBER 31, 2003 OCTOBER 31, 2002
----------------------------------------------------------------
SHARES VALUE SHARES VALUE
------------- ------------- ------------- -------------
Shares sold 204,497 $ 1,990,205 487,239 $ 4,735,172
Shares exchanged due to merger 245,688 2,417,588
Shares issued in reinvestment
of dividends 15,648 153,218 6,325 60,929
Shares redeemed (159,616) (1,567,100) (47,906) (459,888)
------------- ------------- ------------- -------------
Net increase 306,217 $ 2,993,911 445,658 $ 4,336,213
============= ============= ============= =============
</Table>
<Table>
<Caption>
CLASS C
----------------------------------------------------------------
FOR THE YEAR ENDED
----------------------------------------------------------------
OCTOBER 31, 2003 OCTOBER 31, 2002
----------------------------------------------------------------
SHARES VALUE SHARES VALUE
------------- ------------- ------------- -------------
Shares sold 104,608 $ 1,024,557 133,764 $ 1,311,471
Shares exchanged due to merger 111,039 1,092,623
Shares issued in reinvestment
of dividends 2,586 25,271 2,421 23,601
Shares redeemed (85,970) (841,467) (55,162) (527,923)
------------- ------------- ------------- -------------
Net increase 132,263 $ 1,300,984 81,023 $ 807,149
============= ============= ============= =============
</Table>
On October 31, 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 4 57%
Advisor Class 1 6%
Class A 3 47%
Class B 2 12%
Class C 5 60%
</Table>
Some of the shareholders are omnibus accounts, which hold shares on behalf of
individual shareholders.
37
<Page>
NOTE 6. FEDERAL INCOME TAXES
Income and capital gain distributions are determined in accordance with
federal income tax regulations, which may differ from GAAP. These differences
are primarily due to differing treatments of losses deferred due to wash sales,
foreign currency transactions, income from defaulted bonds and paydown gains and
losses.
The tax characteristics of dividends paid during the years ended October 31,
2003 and 2002, respectively by the Fund were as follows:
<Table>
<Caption>
ORDINARY INCOME
--------------------------------
2003 2002
------------- --------------
$ 8,734,424 $ 15,469,251
</Table>
At October 31, 2003, the components of distributable earnings on a tax basis
by the Fund were as follows:
<Table>
Undistributed ordinary income $ 147,041
Accumulated net realized loss (22,033,696)
Unrealized appreciation 4,017,689
---------------
$ (17,868,966)
===============
</Table>
At October 31, 2003, the Fund had capital loss carryforwards available to
offset possible future capital gains as follows:
<Table>
<Caption>
EXPIRES OCTOBER 31,
--------------------------------
2008 2009
------------- --------------
$ 389,723 $ 21,643,973
</Table>
At October 31, 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 from investments were $236,035,458, $5,262,915,
$(1,454,512), and $3,808,403, respectively.
At October 31, 2003, the Fund reclassified $644,894 from undistributed net
investment income and $14,908 from paid-in capital to accumulated net realized
loss from investments, to adjust for current period permanent book/tax
differences which arose principally from differing book/tax treatments of
defaulted bonds, paydowns and foreign currency. Net assets were not affected by
these reclassifications.
38
<Page>
NOTE 7. 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.
39
<Page>
CREDIT SUISSE FIXED INCOME FUND
REPORT OF INDEPENDENT AUDITORS
To the Board of Trustees and Shareholders of
Credit Suisse Fixed Income Fund:
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 Fixed Income Fund
(the "Fund") at October 31, 2003, the results of its operations for the year
then ended, the changes in its net assets for each of the two years in the
period then ended and the financial highlights for each of the years (or
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 auditing standards
generally accepted in the United States of America, which 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 audits, which included confirmation of securities at October
31, 2003 by correspondence with the custodian and brokers, provide a reasonable
basis for our opinion.
PricewaterhouseCoopers LLP
Philadelphia, Pennsylvania
December 23, 2003
40
<Page>
CREDIT SUISSE FIXED INCOME FUND
INFORMATION CONCERNING TRUSTEES AND OFFICERS (UNAUDITED)
<Table>
<Caption>
TERM NUMBER OF
OF OFFICE(1) PORTFOLIOS IN
AND FUND
POSITION(S) LENGTH PRINCIPAL COMPLEX OTHER
NAME, ADDRESS AND HELD WITH OF TIME OCCUPATION(S) DURING OVERSEEN BY DIRECTORSHIPS
DATE OF BIRTH FUND SERVED PAST FIVE YEARS TRUSTEE HELD BY TRUSTEE
- ------------------------- -------------------- ----------------- -------------------- -------------- --------------------
INDEPENDENT TRUSTEES
Richard H. Francis Trustee, Nominating Since 1999 Currently retired 44 None
c/o Credit Suisse Asset and Audit Committee
Management, LLC Member
466 Lexington Avenue
New York, New York
10017-3140
Date of Birth: 04/23/32
Jeffrey E. Garten Trustee, Nominating Since 1998(2) Dean of Yale School 43 Director of Aetna,
Box 208200 and Audit Committee of Management and Inc. (insurance
New Haven, Connecticut Member William S. Beinecke company); Director
06520-8200 Professor in the of Calpine
Practice of Corporation (energy
Date of Birth: 10/29/46 International Trade provider); Director
and Finance (11/95 - of CarMax Group
present) (used car dealers)
</Table>
- ----------
(1) Each Trustee and Officer serves until his or her respective successor has
been duly elected and qualified.
(2) Mr. Garten was initially appointed as a Trustee of the Fund on February 6,
1998. He resigned as Trustee on February 3, 2000 and was subsequently
reappointed on December 21, 2000.
41
<Page>
<Table>
<Caption>
TERM NUMBER OF
OF OFFICE(1) PORTFOLIOS IN
AND FUND
POSITION(S) LENGTH PRINCIPAL COMPLEX OTHER
NAME, ADDRESS AND HELD WITH OF TIME OCCUPATION(S) DURING OVERSEEN BY DIRECTORSHIPS
DATE OF BIRTH FUND SERVED PAST FIVE YEARS TRUSTEE HELD BY TRUSTEE
- ------------------------- -------------------- ----------------- -------------------- -------------- --------------------
INDEPENDENT TRUSTEES
Peter F. Krogh Trustee, Nominating Since 2001 Dean Emeritus and 43 Director of Carlisle
301 ICC and Audit Committee Distinguished Companies
Georgetown University Member Professor of Incorporated.
Washington, DC 20057 International (diversified
Affairs at the manufacturing
Date of Birth: 02/11/37 Edmund A. Walsh company); Member of
School of Foreign Selection Committee
Service, Georgetown for Truman Scholars
University (6/95 - and Henry Luce
present); Moderator Scholars; Senior
of PBS foreign Associate of Center
affairs television for Strategic and
series (1988 - 2000) International
Studies; Trustee of
numerous world
affairs
organizations
James S. Pasman, Jr. Trustee, Nominating Since 1999 Currently retired 45 Director of
c/o Credit Suisse Asset and Audit Committee Education Management
Management, LLC Member Corp.
466 Lexington Avenue
New York, New York
10017-3140
Date of Birth: 12/20/30
Steven N. Rappaport Trustee, Nominating Since 1999 Partner of Lehigh 45 None
Lehigh Court, LLC Committee Member and Court, LLC and RZ
40 East 52nd Street Audit Committee Capital (private
New York, New York Chairman investment firms)
10022 (7/02 - present);
Consultant to
Date of Birth: 07/10/48 SunGard Securities
Finance, Inc. from
February 2002 to
July 2002; President
of SunGard
Securities Finance,
Inc. from 2001 to
February 2002;
President of Loanet,
Inc. (on-line
accounting service)
from 1997 to 2001
</Table>
42
<Page>
<Table>
<Caption>
TERM NUMBER OF
OF OFFICE(1) PORTFOLIOS IN
AND FUND
POSITION(S) LENGTH PRINCIPAL COMPLEX OTHER
NAME, ADDRESS AND HELD WITH OF TIME OCCUPATION(S) DURING OVERSEEN BY DIRECTORSHIPS
DATE OF BIRTH FUND SERVED PAST FIVE YEARS TRUSTEE HELD BY TRUSTEE
- ------------------------- -------------------- ----------------- -------------------- -------------- --------------------
INTERESTED TRUSTEES
Joseph D. Gallagher(3) Trustee, Chairman of Since 2003 Managing Director 46 None
Credit Suisse Asset the Board and Chief and Chief Executive
Management, LLC Executive Officer Officer of CSAM
466 Lexington Avenue since 2003; Global
New York, New York Chief Financial
10017-3140 Officer, Credit
Suisse Asset
Date of Birth: 12/14/62 Management since
1999; Chief
Executive Officer
and Director of
Credit Suisse Asset
Management Limited,
London, England,
from June 2000 to
2003; Director of
Credit Suisse Asset
Management Funds
(UK) Limited,
London, England,
from June 2000 to
2003; Managing
Director, Head -
Asian Corporate
Finance and M&A,
Credit Suisse First
Boston, Hong Kong,
China, from January
1998 to May 1999
William W. Priest, Jr.(4) Trustee Since 1999 Co-Managing Partner, 50 Director of Globe
Steinberg Priest & Sloane Steinberg Priest & Wireless, LLC (a
Capital Management, LLC Sloane Capital maritime communica-
12 East 49th Street Management, LLC tions company);
12th Floor since March 2001; Director of InfraRed
New York, New York Chairman and X (medical device
10017 Managing Director of company)
CSAM from 2000 to
Date of Birth: 09/24/41 February 2001, Chief
Executive Officer
and Managing
Director of CSAM
from 1990 to 2000
</Table>
- ----------
(3) Mr. Gallagher is a Trustee who is an "interested person" of the Fund as
defined in the 1940 Act, because he is an officer of CSAM.
(4) Mr. Priest is a Trustee who is an "interested person" of the Fund as
defined in the 1940 Act, because he provided consulting services to CSAM
within the last two years (ended 12/31/02).
43
<Page>
<Table>
<Caption>
TERM
OF OFFICE(1)
AND
POSITION(S) LENGTH
NAME, ADDRESS AND HELD WITH OF TIME
DATE OF BIRTH FUND SERVED PRINCIPAL OCCUPATION(S) DURING PAST FIVE YEARS
- ------------------------- -------------------- ----------------- ----------------------------------------------
OFFICERS
Hal Liebes Vice President Since 1999 Managing Director and Global General Counsel
Credit Suisse Asset and Secretary of CSAM; Associated with CSAM since 1997;
Management, LLC Officer of other Credit Suisse Funds
466 Lexington Avenue
New York, New York
10017-3140
Date of Birth: 07/06/64
Michael A. Pignataro Chief Financial Since 1999 Director and Director of Fund Administration
Credit Suisse Asset Officer and of CSAM; Associated with CSAM since 1984;
Management, LLC Treasurer Officer of other Credit Suisse Funds
466 Lexington Avenue
New York, New York
10017-3140
Date of Birth: 11/15/59
Gregory N. Bressler Assistant Secretary Since 2000 Director and Deputy General Counsel of CSAM;
Credit Suisse Asset Associated with CSAM since January 2000;
Management, LLC Associated with the law firm of Swidler
466 Lexington Avenue Berlin Shereff Friedman LLP from 1996 to
New York, New York 2000; Officer of other Credit Suisse Funds
10017-3140
Date of Birth: 11/17/66
Rocco A. Del Guercio Assistant Treasurer Since 1999 Vice President of CSAM; Associated with CSAM
Credit Suisse Asset since June 1996; Officer of other Credit
Management, LLC Suisse Funds
466 Lexington Avenue
New York, New York
10017-3140
Date of Birth: 04/28/63
</Table>
44
<Page>
<Table>
<Caption>
TERM
OF OFFICE(1)
AND
POSITION(S) LENGTH
NAME, ADDRESS AND HELD WITH OF TIME
DATE OF BIRTH FUND SERVED PRINCIPAL OCCUPATION(S) DURING PAST FIVE YEARS
- ------------------------- -------------------- ----------------- ----------------------------------------------
OFFICERS
Joseph Parascondola Assistant Treasurer Since 2000 Assistant Vice President of CSAM; Associated
Credit Suisse Asset with CSAM since April 2000; Assistant Vice
Management, LLC President, Deutsche Asset Management from
466 Lexington Avenue January 1999 to April 2000; Assistant Vice
New York, New York President, Weiss, Peck & Greer LLC from
10017-3140 November 1995 to December 1998; Officer of
other Credit Suisse Funds
Date of Birth: 06/05/63
Robert M. Rizza Assistant Treasurer Since 2002 Assistant Vice President of CSAM; Associated
Credit Suisse Asset with CSAM since 1998; Officer of other Credit
Management, LLC Suisse Funds
466 Lexington Avenue
New York, New York
10017-3140
Date of Birth: 12/09/65
</Table>
The Statement of Additional Information includes additional information about
the Trustees and is available, without charge, upon request, by calling
800-927-2874.
45
<Page>
CREDIT SUISSE FIXED INCOME FUND
TAX INFORMATION LETTER (UNAUDITED)
October 31, 2003
IMPORTANT TAX INFORMATION FOR CORPORATE SHAREHOLDERS
Corporate shareholders should note for the year ended October 31, 2003, the
percentage of the Fund's investment income (I.E., net investment income plus
short-term capital gains) that qualified for the intercorporate dividends
received deduction is 0.27%.
For the fiscal year ended October 31, 2003 certain dividends paid by the Fund
may be subject to a maximum tax rate of 15%, as provided for by the Jobs and
Growth Tax Relief Reconciliation Act of 2003. Complete information will be
reported in conjunction with your 2003 Form 1099-DIV.
46
<Page>
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<Page>
This page intentionally left blank
<Page>
P.O. BOX 55030, BOSTON, MA 02205-5030 [CREDIT SUISSE ASSET MANAGEMENT LOGO]
800-927-2874 - www.csam-americas.com
CREDIT SUISSE ASSET MANAGEMENT SECURITIES, INC., DISTRIBUTOR. CSFIX-2-1003
<Page>
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
11(a)(1) to this Form. There were no amendments to the code during the fiscal
year ended October 31, 2003. There were no waivers or implicit waivers from the
code granted by the registrant during the fiscal year ended October 31, 2003.
ITEM 3. AUDIT COMMITTEE FINANCIAL EXPERT.
The registrant's governing board has determined that it has three audit
committee financial experts serving on its audit committee: Richard H. Francis,
James S. Pasman, Jr., and Steven N. Rappaport. Each audit committee financial
expert is "independent" for purposes of this item.
ITEM 4. PRINCIPAL ACCOUNTANT FEES AND SERVICES.
Form N-CSR disclosure requirement is 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. PURCHASES OF EQUITY SECURITIES BY CLOSED-END MANAGEMENT INVESTMENT
COMPANY AND AFFILIATED PURCHASERS.
Not applicable to the registrant.
ITEM 9. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS
N-CSR disclosure requirement not yet effective with respect to the registrant.
ITEM 10. 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
registrant's second fiscal half-year that have materially affected, or are
reasonably likely to materially affect, the registrant's internal control over
financial reporting.
ITEM 11. EXHIBITS.
(a)(1) The registrant's code of ethics is an exhibit to this report.
<Page>
(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.
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 FIXED INCOME FUND
/s/ Joseph D. Gallagher
-----------------------
Name: Joseph D. Gallagher
Title: Chief Executive Officer
Date: January 5, 2004
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: January 5, 2004
/s/ Michael A. Pignataro
------------------------
Name: Michael A. Pignataro
Title: Chief Financial Officer
Date: January 5, 2004