Missing EQ

When I bring up the templates I get the message:
The plug-in “EQ” could not be found for Insert 3 Channel “InputChannel”!
The plug-in “EQ” could not be found for Insert 3 Channel “OutputChannel”!
The plug-in “EQ” could not be found for Insert 3 Channel “Audio 1”!
The plug-in “EQ” could not be found for Insert 3 Channel “Audio 2”!

and so on. What does this mean and How do I correct it?