jmc

Begin by constructing the number from the units digit and working up to the hundreds digit. There are two possible choices for the units digit: $3$ and $5$ (since the number must be odd). Then, after choosing that digit, there are three possible choices for the tens digit ($4$, $6$, and the remaining odd digit), since digits cannot be repeated. Finally, there are then two possible choices for the hundreds digit. Thus, there are $2\cdot 3\cdot 2=\boxed{12}$ such numbers that can be formed.