You're not talking about Framesets, are you? Those have been gone for a while and have been deprecated in html by the W3C.
If you mean iFrames, which are still valid in the HTML standards, they're under Insert > HTML > iFrame
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Just to expand a bit on Jon's correct response, DW no longer supports frames/framesets. They were a very bad idea even from the get go because then can negatively affect not only your site's search engine ranking, but also you site visitors' experiences.
I'm curious what you were intending to do and why you felt like frames were the solution. Can you explain, please?
Ok, thnaks, it´s good to know..
Ok. my intension to know, is because when I started to use the dw CC15 , did not see this option and I have no idea why that option dissapeared..
Tahnks for your answer and advice..
OK - good luck! By the way, the last version of Dreamweaver that supported Frames was Dreamweaver CS6 (version 13). We are now on CC2015 (version 16).