“Drag the corresponding files into these folders, then open Ableton”

Windows VST folders:

C:\Program Files\Steinberg\Vstplugins\ (.DLL)

Mac AU/VST folders:

Macintosh HD:/Library/Audio/Plug-Ins/Components/ (.Component)
Macintosh HD:/Library/Audio/Plug-Ins/VST/ (.VST)

Custom VST Folder Set-Up Guide:

1. Click “Option” Tab
2. Scroll down and select the “Preferences” option
3. After that, if you have “File Folder” selected, you have to click on Use VST Plug-ins Custom
Folder (1) (if not activated) so that you can browse your VST folder (2)

4. When you find the folder, just click on “OK”