Not at all - how and why would that work?
That's just a second resistor in parallel with the drain resistor (resulting in less than 700 ohms), and another capacitor from the supply rail to ground.
You do know how a "series RC" looks like, right? A resistor in series with a capacitor.
Now, you take that arrangement, and connect it in parallel with the drain resistor (the free end of the resistor to one end of the drain resistor, and the free end of the capacitor to the other end of the drain resistor).
That's just a second resistor in parallel with the drain resistor (resulting in less than 700 ohms), and another capacitor from the supply rail to ground.
You do know how a "series RC" looks like, right? A resistor in series with a capacitor.
Now, you take that arrangement, and connect it in parallel with the drain resistor (the free end of the resistor to one end of the drain resistor, and the free end of the capacitor to the other end of the drain resistor).