Note: If a plug-in fails the first time, then Adobe Audition will not read it again and subsequently will list it as unsupported. You can check choose Effects > Unsupported to view unsupported plug-ins.
I suggest removing it and installing it again if its not working. If it is still unsupported and not working, most likely the plugin is not compatible with Adobe Audition. You can read the Adobe Audition page (URL provided) for details.