diff --git a/lib/timers.js b/lib/timers.js
index 68890ab9f7..989050538e 100644
--- a/lib/timers.js
+++ b/lib/timers.js
@@ -324,7 +324,7 @@ exports.setImmediate = function(callback) {
     args = Array.prototype.slice.call(arguments, 1);
 
     immediate._onImmediate = function() {
-      callback.apply(null, args);
+      callback.apply(immediate, args);
     };
   }
 
diff --git a/test/simple/test-timers-this.js b/test/simple/test-timers-this.js
new file mode 100644
index 0000000000..3d23e61dff
--- /dev/null
+++ b/test/simple/test-timers-this.js
@@ -0,0 +1,64 @@
+// Copyright Joyent, Inc. and other Node contributors.
+//
+// Permission is hereby granted, free of charge, to any person obtaining a
+// copy of this software and associated documentation files (the
+// "Software"), to deal in the Software without restriction, including
+// without limitation the rights to use, copy, modify, merge, publish,
+// distribute, sublicense, and/or sell copies of the Software, and to permit
+// persons to whom the Software is furnished to do so, subject to the
+// following conditions:
+//
+// The above copyright notice and this permission notice shall be included
+// in all copies or substantial portions of the Software.
+//
+// THE SOFTWARE IS PROVIDED "AS IS", WITHOUT WARRANTY OF ANY KIND, EXPRESS
+// OR IMPLIED, INCLUDING BUT NOT LIMITED TO THE WARRANTIES OF
+// MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE AND NONINFRINGEMENT. IN
+// NO EVENT SHALL THE AUTHORS OR COPYRIGHT HOLDERS BE LIABLE FOR ANY CLAIM,
+// DAMAGES OR OTHER LIABILITY, WHETHER IN AN ACTION OF CONTRACT, TORT OR
+// OTHERWISE, ARISING FROM, OUT OF OR IN CONNECTION WITH THE SOFTWARE OR THE
+// USE OR OTHER DEALINGS IN THE SOFTWARE.
+
+var assert = require('assert');
+
+var immediateThis, intervalThis, timeoutThis,
+    immediateArgsThis, intervalArgsThis, timeoutArgsThis;
+
+var immediateHandler = setImmediate(function () {
+  immediateThis = this;
+});
+
+var immediateArgsHandler = setImmediate(function () {
+  immediateArgsThis = this;
+}, "args ...");
+
+var intervalHandler = setInterval(function () {
+  clearInterval(intervalHandler);
+
+  intervalThis = this;
+});
+
+var intervalArgsHandler = setInterval(function () {
+  clearInterval(intervalArgsHandler);
+
+  intervalArgsThis = this;
+}, 0, "args ...");
+
+var timeoutHandler = setTimeout(function () {
+  timeoutThis = this;
+});
+
+var timeoutArgsHandler = setTimeout(function () {
+  timeoutArgsThis = this;
+}, 0, "args ...");
+
+process.once('exit', function () {
+  assert.strictEqual(immediateThis, immediateHandler);
+  assert.strictEqual(immediateArgsThis, immediateArgsHandler);
+
+  assert.strictEqual(intervalThis, intervalHandler);
+  assert.strictEqual(intervalArgsThis, intervalArgsHandler);
+
+  assert.strictEqual(timeoutThis, timeoutHandler);
+  assert.strictEqual(timeoutArgsThis, timeoutArgsHandler);
+});