hdd (ata133) and ide optical device problem

hello guys i finally bought new pc :D. here's what i got:

asus 8800gt
gigabyte p35-ds3r mobo, lga 775
intel c2d e6550, lga 775, 2,33ghz, 4 mb L2 cache, 1333mhz FSB
2x 1gb OCZ Platinum ddr 2, 800mhz
OCZ StealthXStream 500W psu, atx v.2

here's the problem:

i have old ata133 maxtor hdd (40gb)and i want connect it to the mobo, but there is only one IDE slot on the mobo and that one is used of optical device /nec dvd rw/. I was wondering could i connect those two devicecs on one IDE slot using normal ide cabel (with master and slave ports). I would put hdd as master boot device and optical device as slave/second/. Is that possible. Here's the quick sketch

thanks for your help :)