Shut down PC. Pull AC plug from the wall. Reset CMOS jumper for about 30 seconds. Reboot PC. Too much overclocking can create similar shutdown problem. Backoff to 225MHz FSB and retest. If okay, then bump back to 250MHz FSB with Vcore at +3.4%, 166 RAM with 2.7Vdimm and 2.5-3-3-8-1T timing.
Pull the MB from the case and retest if you still have the beep issue AFTER clearing CMOS.
Pull the MB from the case and retest if you still have the beep issue AFTER clearing CMOS.