What CHHA said. 350 is about as high as those ever go. I wouldn't risk the stability for the 50MHz (believe it or not, 350 is REALLY OVERCLOCKED for a Klamath processor). Also, 300Mhz was as high as the Klamath line ever went, so you have the last (fastest) processor that ever came off that line. Generally, the top of the line does not overclock much.
There is a cheap solution to your problem, though. With the current PII 300 installed, running at stock 300, flash the bios on your board to the latest version (carefully following the instructions on the Abit website). Remove the PII, and turn on the PC (in the alternative, you can clear the CMOS). Turn it off. Buy a cheap 100MHz bus Celeron 800 (coppermine Pentium III, only with 128k L2 cache instead of 256k) for about $75. Put it in a slotket FCPGA to Slot-1 adapter with heatsink/fan/thermal compound ($10). Put the slotket adapter (containing the Celery 800) in the motherboard. Connect fan. Turn it back on. Go into CPU SoftMenu and adjust the settings to user defined 8x multiplier, 100MHz FSB, 2/3 AGP clock, speed hold error disabled. Save and reboot. You now have an 800MHz computer. Overclock as possible. Some people have had good luck getting these things to over 1GHz. At any rate, 8X112=~900MHz should be a relatively EASY overclock.
Oh, almost forgot. Spend another $20 and add 256MB of PC133 SDRAM. The ram you are using now is probably PC66. It might work at 100MHz FSB, but why risk stability for $20. Be sure to get the low density kind of SDRAM. The high density stuff does not work in Intel chipset motherboards.
Voila, you have turned your 300MHz boat anchor/kids computer/tax donation, into a fast 900MHz functional computer, with 256MB of SDRAM, for about $100.
Good luck,
Nack