We investigate the imaginary parts of the nucleon electromagnetic and
axial form factors close to threshold in the framework of heavy baryon
chiral perturbation theory. For the isovector electromagnetic form fa
ctors, we recover the well-known strong enhancement near threshold. Fo
r the isoscalar ones, we show that there is no visible enhancement due
to the three-pion continuum. This justifies the use of vector meson p
oles only in dispersion-theoretical calculations. We also calculate th
e imaginary part of the nucleon isovector axial form factor and show t
hat it is small in the threshold region.