We evaluate important two-loop matrix element (S gamma \Q(2)\b) of the oper
ator ((c) over bar gamma (mu)P(L)b)((s)over bar gamma muPLB) contributing t
o the inclusive radiative decay B --> X(s)gamma. The calculation is perform
ed in the NDR scheme, by means of asymptotic expansions method. The result
is given as a series in z equivalent to m(c)(2)/m(b)(2) up to O(z(6)). We c
onfirm the result of Greub. Hurth and Wyler obtained by a different method
up to O(z(3)). Higher-order terms are found to be numerically insignificant
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