Maybe, if you have the rights (not sure about whether it is permitted).
btw--the folks at
http://discussions.info.apple.com/we...r1IK.0@macosx3 should be able to answer your question. Perhaps a search there may find it has already been asked and answered.
Still, it should work. IIRC, I mistakenly used my iBook discs to install on the iMac (or maybe it was vice versa), and I don't recall a problem.