The top quark contribution to two-loop, purely electroweak radiative c
orrections is investigated in the case of the rho parameter, extracted
from the ratio of neutral to charged current amplitudes in low-energy
neutrino-lepton scattering. It is shown that the order O(G(mu)(2)m(t)
(2)m(Z)(2) ) contribution is numerically comparable and shares the sam
e sign with the leading O(G(mu)(2)m(t)(4)) term, for realistic values
of the top and Higgs masses. The result raises doubts on the reliabili
ty of the heavy top approximation in the two-loop contributions to ele
ctroweak observables. A naive extrapolation of this result to LEP obse
rvables would suggest an overall two-loop electroweak contribution clo
se to the ultimate experimental sensitivity.