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

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D/A

Under the Securities Exchange Act of 1934
(Amendment No. [ 1
])*

CREDIT SUISSE ASSET MANAGEMENT INCOME
FUND
(Name of Issuer)

Common Shares, 0.001 par value
(Title
of Class of Securities)

224916106
(CUSIP Number)

Saba Capital Management, L.P.
405 Lexington
Avenue
58th Floor
New York, NY 10174
Attention:
Michael D’Angelo
(212) 542-4635
(Name, Address and
Telephone Number of Person
Authorized to Receive Notices and Communications)

August 16, 2017
(Date of Event Which
Requires Filing of This Statement)

If the filing person has previously filed a statement on
Schedule 13G to report the acquisition that is the subject of this Schedule 13D,
and is filing this schedule because of Rule 13d-1(e), Rule 13d-1(f) or Rule
13d-1(g), check the following box. [X]

(Page 1 of 6 Pages)

______________________________

* The remainder of this cover page shall be filled out for a
reporting person’s initial filing on this form with respect to the subject class
of securities, and for any subsequent amendment containing information which
would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page
shall not be deemed to be “filed” for the purpose of Section 18 of the
Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities
of that section of the Act but shall be subject to all other provisions of the
Act (however, see the Notes).

¹ The percentages used herein are calculated based
upon 52,291,765 shares of common stock outstanding as of 3/10/2017, as disclosed
in the company’s Certified Shareholder Report Form DEF 14A filed 3/13/2017.

____________________________

¹ The percentages used herein are calculated based
upon 52,291,765 shares of common stock outstanding as of 3/10/2017, as disclosed
in the company’s Certified Shareholder Report Form DEF 14A filed 3/13/2017.

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

            Item
3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION

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

            Item
5. Interest in Securities of the Issuer

SIGNATURES

            After
reasonable inquiry and to the best of his or its knowledge and belief, each of
the undersigned certifies that the information set forth in this statement is
true, complete and correct.

Date: August 18, 2017

* Pursuant to a power of attorney dated as of November 16,
2015, which is incorporated herein by reference to Exhibit 2 to the Schedule 13G
filed by the Reporting Persons on December 28, 2015, accession number:
0001062993-15-006823

Schedule A

            This
Schedule sets forth information with respect to each purchase and sale of Shares
which were effectuated by a Reporting Person in the last sixty days. All
transactions were effectuated in the open market through a broker.

SABA CAPITAL MANAGEMENT, L.P