The spin of a top can be regarded as a fast variable, coupled to the motion of the axis which is slow. In pure precession, the rotation of the axis round a cone (without nutation), can be considered as the result of a reaction from the fast spin. The resulting restriction of the total state space of the top is an illustrative example, at graduate-student level, of the general dynamical concept of the slow manifold. For this case, the slow manifold can be calculated exactly, and expanded as a series of reaction forces (of magnetic type) in powers of slowness, corresponding to a modified precession frequency. The forces correspond to a series for the Hannay angle for the fast motion, describing the location of a point on the top.