yceltikci:Unfortunately, it's not there. I think I have an incomplete distribution.
the AUTO LEVEL isn't there for me either, but this discussion has led me to LEVELS and there IS 'kindOf' an AUTOLEVEL
drag the LEVEL to the clip and then click the little ICON that is on the same line as the word LEVELS - this is the SETUP. work through the the 3 channels and drag the ARROWS so that they are pointing to all portions of the shown graph. this has really helped level out the clip. - very nice