I do not think so, unless you replace the CD/DVD drive with a hard drive. Then again, I'm not sure.
One thing I am sure of is that your beige G3 machine is subject to the "8GB limit," meaning that in order for your computer to recognize the drive as a valid startup disk, you must install OS X on the very first 8GB of the drive. Using Disk Utility or Drive Setup, simply make sure that the top-most partition is less than 8GB, and you should be able to install OS X on there.