  We have examined the evidence for the electroweak radiative corrections in
the LEP precision data sets of 1993 and 1994 along with the intriguing
possibility that the QED corrections only may be sufficient to fit the data
within the framework of the minimal standard model. We find that the situation
is very sensitive to the precise values of $M_W$. The current world average
value of $M_W$ and the improved 1994 LEP data strongly favor nonvanishing
electroweak radiative corrections and are consistent with a heavy $m_t$ as
reported by CDF but with a heavy Higgs scalar of about 400 GeV. We discuss how
future precision measurements of $M_W$ and $m_t$ can provide a decisive test
for the standard model with radiative corrections.
