The simple answer is no.
However, you could clear the input fields with JavaScript when the reset button is hit. Personally, I wouldn't waste using JS for that. Also, another submit button could be used with form action set to empty, but multiple submit buttons won't usually work well on one form with various browsers.
Jakob Nielsen's Alertbox article Reset and Cancel Buttons from April 16, 2000 is worth reading when thinking about using reset buttons.