Hi,
You might be able to get the configuration listed above working as long as you can get from Siemens/Applicom or any other third party provider a OPC Server that communicates with the S7-300. Since LabVIEW DSC is a OPC client, you would be able to establish connection.
The National Instruments driver for the S7-300 (Containnned in the product called "IA OPC Server CD") does not support communication through ethernet directly, you would either have to have a Profibus board or use a serial port with a Siemens HMI Adapter.
I hope it helps
Best Regards
Andre Oliveira