<DOCUMENT>
<TYPE>EX-99.CERT
<SEQUENCE>2
<FILENAME>ex99cert.txt
<DESCRIPTION>SECTION 302
<TEXT>
EX-99. CERT


               CERTIFICATION PURSUANT TO SECTION 302
                 OF THE SARBANES-OXLEY ACT OF 2002


I, Robert C. Doll, Jr., Chief Executive Officer of Capital and
Income Strategies Fund, Inc., certify that:

1. I have reviewed this report on Form N-Q of Capital and Income
   Strategies Fund, Inc.;

2. Based on my knowledge, this report does not contain any untrue
   statement of a material fact or omit to state a material fact
   necessary to make the statements made, in light of the
   circumstances under which such statements were made, not
   misleading with respect to the period covered by this report;

3. Based on my knowledge, the schedule of investments included in
   this report fairly present in all material respects the
   investments of the registrant as of the end of the fiscal
   quarter for which the report is filed;

4. The registrant's other certifying officer(s) and I are
   responsible for establishing and maintaining disclosure controls
   and procedures (as defined in Rule 30a-3(c) under the Investment
   Company Act of 1940) and internal control over financial
   reporting (as defined in Rule 30a-3(d) under the Investment
   Company Act of 1940) for the registrant and have:

a) designed such disclosure controls and procedures, or caused such
   disclosure controls and procedures to be designed under our
   supervision, to ensure that material information relating to the
   registrant, including its consolidated subsidiaries, is made
   known to us by others within those entities, particularly during
   the period in which this report is being prepared;

b) designed such internal control over financial reporting, or
   caused such internal control over financial reporting to be
   designed under our supervision, to provide reasonable assurance
   regarding the reliability of financial reporting and the
   preparation of financial statements for external purposes in
   accordance with generally accepted accounting principles;

c) evaluated the effectiveness of the registrant's disclosure
   controls and procedures and presented in this report our
   conclusions about the effectiveness of the disclosure controls
   and procedures, as of a date within 90 days prior to the filing
   date of this report based on such evaluation; and

d) disclosed in this report any change in the registrant's internal
   control over financial reporting that occurred during the
   registrant's most recent fiscal quarter that has materially
   affected, or is reasonably likely to materially affect, the
   registrant's internal control over financial reporting; and

5. The registrant's other certifying officer(s) and I have
   disclosed to the registrant's auditors and the audit committee
   of the registrant's board of directors (or persons performing
   the equivalent functions):

a) all significant deficiencies and material weaknesses in the
   design or operation of internal control over financial reporting
   which are reasonably likely to adversely affect the registrant's
   ability to record, process, summarize, and report financial
   information; and

b) any fraud, whether or not material, that involves management or
   other employees who have a significant role in the registrant's
   internal control over financial reporting.


Date: May 23, 2005


                            /s/ Robert C. Doll, Jr.
                            -----------------------
                            Robert C. Doll, Jr.
                            Chief Executive Officer
                            Capital and Income Strategies Fund, Inc.



EX-99. CERT


               CERTIFICATION PURSUANT TO SECTION 302
                 OF THE SARBANES-OXLEY ACT OF 2002


I, Donald C. Burke, Chief Financial Officer of Capital and Income
Strategies Fund, Inc., certify that:

1. I have reviewed this report on Form N-Q of Capital and Income
   Strategies Fund, Inc.;

2. Based on my knowledge, this report does not contain any untrue
   statement of a material fact or omit to state a material fact
   necessary to make the statements made, in light of the
   circumstances under which such statements were made, not
   misleading with respect to the period covered by this report;

3. Based on my knowledge, the schedule of investments included in
   this report fairly present in all material respects the
   investments of the registrant as of the end of the fiscal
   quarter for which the report is filed;

4. The registrant's other certifying officer(s) and I are
   responsible for establishing and maintaining disclosure controls
   and procedures (as defined in Rule 30a-3(c) under the Investment
   Company Act of 1940) and internal control over financial
   reporting (as defined in Rule 30a-3(d) under the Investment
   Company Act of 1940) for the registrant and have:

a) designed such disclosure controls and procedures, or caused such
   disclosure controls and procedures to be designed under our
   supervision, to ensure that material information relating to the
   registrant, including its consolidated subsidiaries, is made
   known to us by others within those entities, particularly during
   the period in which this report is being prepared;

b) designed such internal control over financial reporting, or
   caused such internal control over financial reporting to be
   designed under our supervision, to provide reasonable assurance
   regarding the reliability of financial reporting and the
   preparation of financial statements for external purposes in
   accordance with generally accepted accounting principles;

c) evaluated the effectiveness of the registrant's disclosure
   controls and procedures and presented in this report our
   conclusions about the effectiveness of the disclosure controls
   and procedures, as of a date within 90 days prior to the filing
   date of this report based on such evaluation; and

d) disclosed in this report any change in the registrant's internal
   control over financial reporting that occurred during the
   registrant's most recent fiscal quarter that has materially
   affected, or is reasonably likely to materially affect, the
   registrant's internal control over financial reporting; and

5. The registrant's other certifying officer(s) and I have
   disclosed to the registrant's auditors and the audit committee
   of the registrant's board of directors (or persons performing
   the equivalent functions):

a) all significant deficiencies and material weaknesses in the
   design or operation of internal control over financial reporting
   which are reasonably likely to adversely affect the registrant's
   ability to record, process, summarize, and report financial
   information; and

b) any fraud, whether or not material, that involves management or
   other employees who have a significant role in the registrant's
   internal control over financial reporting.


Date: May 23, 2005


                            /s/ Donald C. Burke
                            -------------------
                            Donald C. Burke
                            Chief Financial Officer
                            Capital and Income Strategies Fund, Inc.

</TEXT>
</DOCUMENT>
