In your first post you say "change the jumper from 100 to 133, and then clear the CMOS." This is the wrong. And you are right in assuming that it's trying to run at the default multiplier, that's because you reset the CMOS. So your 1.2 is trying to be a 1.6 (1596MHz).
Basic procedure:
1. Make sure your CPU is unlocked (L1 bridges all filled in. Since it's a 1.2 it should be.)
2. While at 100 MHz FSB go into the BIOS and change the multiplier to 9x.
3. Leave the BIOS FSB at 100.
4. Make sure the ram is NOT running at Host Clock +33.
5. Shut down.
6. Move the FSB jumper to the 133 position.
7. Restart and pray.
The praying shouldn't be too important because it should all work fine. What to do if it didn't work:
8. Set the FSB jumper back to 100 and restart.
9. If it boots up, set the multiplier lower and try again.
9a. If it doesn't boot up, now you can clear the CMOS to reset everything.
10. If after fiddling with the multiplier without results, try raising the voltage to 1.85 to give it a kickstart. (You will need to close the L7 bridges to modify the voltage.)
11. If all that fails THEN try the L6 bridges.
If you're trying to overclock, then you probably already know what bridges are what, but just to recap:
L1 = FSB
L6 = Multiplier
L7 = Voltage
The guide to modifying L6 bridges.