Sad chimes at boot usually indicate a hardware problem.
If the CD was not bootable you should just get a blinking question mark.
------------------
The Chimes of death (yes, that is really what they are called) indicate
other hardware problems. On most Macs, a picture of a sad Mac will
appear in place of the usual smiling Mac, with error codes underneath.

Code
Explaination
0001
The ROM chip is having trouble (may not be seated correctly)
0002
Something is wrong with a SIMM in bank B
0003
Something else is wrong with bank B
0004
Something is wrong with a SIMM in bank A
0006
Something is wrong with the ADB port
0008
Something is wrong with the ADB port
000A
There is a problem with a NuBus slot
000B
There is a problem with the SCSI chip
000C
There is a problem with the floppy drive controller
000D
There is something wrong with the printer or modem port