Compression?

Well, there's the built-in compressor in CEP 1.2. It's not called a compressor, I think they call it something like 'Dynamic Range Processor', but it's essentially the same thing, I think. Go into Edit view and click on the Transform dropdown. Go into the Amplitude menu, and it's there, along with normalizing and hard limiting.

If you're asking about a plug-in, then I think Cool Edit doesn't come with any plugins, but you can use it with Direct X plug-ins that you get elsewhere (downloading off the net or buying them).
 
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