Negative, unless you can get the parts SUPER cheap or free (like from a co-op)
27 wheels
Welded heavy frame
Front dropouts will require filing (widening)
Seatpost is probably non-standard size
new crank & bb needed
New headset prob needed
Bars are steel
new saddle, brakes

Shine it up, sell it and use the money for a new bike or a better choice for conversion.

Enjoy