Variaudio is in Cubase 5, 6, and 7
to the best of my knowledge.
Jack 
Hello Halljack,
I’m sorry but what version of Cubase are you running? You can find this under Help>About Cubase. Please be advised Variaudio 2.0 is only found in Cubase 7.0 and 7.5.
Joel: I was answering Tristin’s question --I wasn’t asking a question.
He asked where is Variaudio not Variaudio 2.0.
It is in Cubase 5 & 6 as these youtube videos prove
http://www.youtube.com/results?search_query=cubase+5+variaudio
To the best of my knowledge it’s never been in any
LE or AI versions of Cubase to this date. 
Have a good day. 
Jack
PS I use Cubase 7.07
as it says below
Hello Halljack,
My apologies, my comments were intended for Tristin and not for you. I do see how accidentally addressing you in my prior comment would confuse the matter. Thanks for the clarification.
Joel: No problem. Of course without knowing what version
of Cubase Tristin is using , it’s hard to tell if his
question is answered.
IMO Variaudio is an important tool to have
and I especially like "THE CHORD TRACK’
that is in the updated versions of Variaudio.
Jack
I have the same problem. That picture of the screen looks exactly like mine!
I have Cubase Elements 7
Hello Amata42,
VariAudio is not in Cubase Elements 7. It is only available in the full version of Cubase, which in it’s current newest form is Cubase Pro 8. In Cubase Pro 8 you will have VariAudio 2.0 executable from the Sample Editor Window.
I’ve bought Scarlett solo pack so i got Cubase LE AI Elements 8 64bit and i cant find the option of Vari audio . Can any one please help me in this ?
Hi areeb3421,
VariAudio is not part of Cubase LE / AI or Elements 8. It only comes with the Pro versions of Cubase.
Cheers,
Jochen