**Answer** : Assuming this is Cisco - no you can't NAT between two OUTSIDE interfaces*
**Corollary** : you can achieve what you want by migrating your NAT configuration to use NAT Virtual Interface (NVI). NVI precludes the need to have INSIDE/OUTSIDE interfaces and is the _new_ way to do things. I think you will need at least 12.3T (possibly 12.4T will have to check).
*You can do what you are trying to do with the addition of a route-map and a loopback address but I'm not going to suggest or recommend it.