The "am" can mean several different things depending on what follows (it can mean at, on, in, by, most, etc.). "Ich habe" means "I have."
In my schoolbag I have...
Ich habe Dich = I have you
It means: I've done that Ich- i habe- have das- that macht- fone
I don't like you.
5 German Phrases to Know When Buying Wine
5 German Phrases to Know When Looking for a Job
5 German Phrases to Know When at a Theme Park
Ein Kleines Charmantes Weihnachts Foto Shooting