--------------------------------
                                                           OMB APPROVAL
                                                --------------------------------
                                                OMB Number:            3235-0145
                                                Expires:         August 31, 1999
                                                Estimated average burden
                                                hours per response.........14.90
                                                --------------------------------
                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                  SCHEDULE 13G

                    UNDER THE SECURITIES EXCHANGE ACT OF 1934

                                (AMENDMENT NO. )*


                              Immersion Corporation
--------------------------------------------------------------------------------
                                (Name of Issuer)
                                  Common Stock
--------------------------------------------------------------------------------
                         (Title of Class of Securities)
                                    452521107
--------------------------------------------------------------------------------
                                 (CUSIP Number)
                                 March 31, 2003
--------------------------------------------------------------------------------
             (Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:

         |X| Rule 13d-1(b)

         |_| Rule 13d-1(c)

         |_| Rule 13d-1(d)

*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 the
disclosures provided in a prior cover page.

The information required in 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).


POTENTIAL PERSONS WHO ARE TO RESPOND TO THE COLLECTION OF INFORMATION CONTAINED
IN THIS FORM ARE NOT REQUIRED TO RESPOND UNLESS THE FORM DISPLAYS A CURRENTLY
VALID OMB CONTROL NUMBER.

                                  Page 1 of 5



-------------------
CUSIP NO. 307068106                    13G
-------------------

--------- ----------------------------------------------------------------------
    1      NAMES OF REPORTING PERSONS
           I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).

                    Jundt Associates, Inc.
                    41-1436485

---------- ---------------------------------------------------------------------
    2      CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                         (a) |_|

                                                                         (b) |_|
---------- ---------------------------------------------------------------------
    3      SEC USE ONLY


---------- ---------------------------------------------------------------------
    4      CITIZENSHIP OR PLACE OF ORGANIZATION

                    Minnesota
------------------------------------ --------- ---------------------------------
                                        5      SOLE VOTING POWER

             NUMBER OF                                  1,530,500
                                     --------- ---------------------------------
              SHARES                    6      SHARED VOTING POWER
           BENEFICIALLY
             OWNED BY                                   0
                                     --------- ---------------------------------
               EACH                     7      SOLE DISPOSITIVE POWER
             REPORTING
              PERSON                                    1,530,500
                                     --------- ---------------------------------
               WITH:                    8      SHARED DISPOSITIVE POWER

                                                        0
---------- ---------------------------------------------------------------------
    9      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

                    1,530,500 SHARES
---------- ---------------------------------------------------------------------
   10      CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*


---------- ---------------------------------------------------------------------
   11      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

                    7.60%
---------- ---------------------------------------------------------------------
   12      TYPE OF REPORTING PERSON*

                    IA
---------- ---------------------------------------------------------------------
                      *SEE INSTRUCTION BEFORE FILLING OUT!

                                  Page 2 of 5



ITEM 1.
          (a)  Name of Issuer

               Immersion Corporation

          (b)  Address of Issuer's Principal Executive Offices

               801 Fox Lane
               San Jose, CA 95131

ITEM 2.
          (a)  Name of Person Filing

               Jundt Associates, Inc. (the "Company")

          (b) Address of Principal Business Office or, if none, Residence

               301 Carlson Parkway
               Suite 120
               Minnetonka, Minnesota 55305

          (c)  Citizenship

               The Company is organized in Minnesota

          (d)  Title of Class of Securities

               Common Stock

          (e)  CUSIP Number

               452521107

ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO SS.SS. 240.13d-1(b) OR
240.13d-2(b) OR (c), CHECK WHETHER THE PERSON FILING IS A:

         (a) |_| Broker or dealer registered under section 15 of the Act.

         (b) |_| Bank as defined in section 3(a)(6) of the Act.

         (c) |_| Insurance company as defined in section 3(a)(19) of the Act.

         (d) |_| Investment company registered under section 8 of the Investment
                 Company Act of 1940.

         (e) |X| An investment adviser in accordance with ss.
                 240.13d-1(b)(1)(ii)(E).

         (f) |_| An employee benefit plan or endowment fund in accordance with
                 ss. 240.13d-1(b)(1)(ii)(F).

         (g) |_| A parent holding company or control person in accordance with
                 ss. 240.13d-1(b)(1)(ii)(G).

         (h) |_| A savings association as defined in Section 3(b) of the Federal
                 Deposit Insurance Act.

         (i) |_| A church plan that is excluded from the definition of an
                 investment company under section 3(c)(14) of the Investment
                 Company Act of 1940.

         (j) |_|Group, in accordance with ss. 240.13d-1(b)(1)(ii)(J).

                                  Page 3 of 5



ITEM 4.   OWNERSHIP

          (a)  Amount Beneficially Owned

               1,530,500 Shares

          (b)  Percent of Class

               7.60%

          (c) Number of shares as to which such person has:

                (i) Sole power to vote or to direct the vote

                     1,530,500

               (ii) Shared power to vote or to direct the vote

                     0

              (iii) Sole power to dispose or to direct the disposition of

                     1,530,500

               (iv) Shared power to dispose or to direct the disposition of

                     0

ITEM 5.   OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS
          If this statement is being filed to report the fact that as of the
date hereof the reporting person has ceased to be the beneficial owner of more
than five percent of the class of securities, check the following |_|.


ITEM 6.   OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.

          The Company manages accounts for the benefit of its clients. Dividends
on, and the proceeds from the sale of, securities are credited to the account
which holds or held such securities. The Jundt Growth Fund, Inc., Jundt Funds,
Inc., American Eagle Funds, Inc., and other private accounts managed by the
Company hold 7.60% of the class of securities referred to above.

ITEM 7.   IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE
          SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY

          Not Applicable

ITEM 8.   IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP

          Not Applicable

ITEM 9.   NOTICE OF DISSOLUTION OF GROUP

          Not Applicable

                                  Page 4 of 5



ITEM 10.  CERTIFICATION

          By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired and are held in the
ordinary course of business and were not acquired and are not held for the
purpose of or with the effect of changing or influencing the control of the
issuer of the securities and were not acquired and are not held in connection
with or as a participant in any transaction having that purpose or effect.


                                    SIGNATURE

          After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.

                                                  5/1/03
                                ------------------------------------------------
                                                   Date

                                            /s/ Marcus E. Jundt
                               -------------------------------------------------
                                                 Signature

                                       Marcus E. Jundt, Vice Chairman
                              --------------------------------------------------
                                                Name/Title

          The original statement shall be signed by each person on whose behalf
the statement is filed or his authorized representative. If the statement is
signed on behalf of a person by his authorized representative other than an
executive officer or general partner of the filing person, evidence of the
representative's authority to sign on behalf of such person shall be filed with
the statement, provided, however, that a power of attorney for this purpose
which is already on file with the Commission may be incorporated by reference.
The name and any title of each person who signs the statement shall be typed or
printed beneath his signature.

NOTE: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. SEEss. 240.13d-7 for other
parties for whom copies are to be sent.

ATTENTION: INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT CONSTITUTE FEDERAL
CRIMINAL VIOLATIONS (SEE 18 U.S.C. 1001)



                                  Page 5 of 5