WEEEEEE System Failure

Im new to the Mac world so I have no idea what Im doing, last night on my iBook (G3,800Mhz, 256MB, 30GB) I was getting beeps while the OS was loaded. And today when I tryed booting it up it froze while it was loading the OS, it did that about 5times before I got this message

System Failure:cpu=0; code=00000008(Unknown failure code)
Latest cash info for cpu 0:
Exeption state (sv=0x1F294A00)
PC=0x00093AF0; MSR=0x00001030; DAR=0E7C00000; DSISR=0x40000000;
LR=0x000939CC; R1=0x8E608741; XCP=0x00000098(System Failure)
Backtrace:
backtrace terminated - unaligned frame address: 0x8E608741
Proceeding back via exception chain:
Exception state(sv=0x1F293A00)
PC=0x00000000;SR=0x0000D030;DAR=0x00000000;DSISR=0x00000000;
LR=0x00000000; R1=0x00000000; XCP=0x00000000(unknown)
Kernel version: Darwin Kernel Version 7.0.0;
Wed Sep 24 15:48:39 PDT 2003; root:xnu/xnu-517.obj~1/RELEASE_PPC
Memory access exception(1,0,0)
Entering system dump routine
A panic server was not specified in the bootargs, terminating kernel core dump.
Ethernet MAC address: 00:0A:95:86:19A
IP address: 192.168.1.106

Waiting for remote debugger connection.

I got the OSX setup discs how do i go about loading it b4 the screwed up version trys to load?