CONFIG_HIGHMEM is not available for thedefaultarchitecture x86.
Result is shown for architecture frv

High memory support

modulename: highmem.ko

configname: CONFIG_HIGHMEM

Fujitsu FR-V Kernel Configuration
└─>Fujitsu FR-V system setup
└─>High memory support
In linux kernel since version 2.6.12  
If you wish to use more than 256MB of memory with your MMU based
system, you will need to select this option. The kernel can only see
the memory between 0xC0000000 and 0xD0000000 directly... everything
else must be kmapped.

The arch is, however, capable of supporting up to 3GB of SDRAM.

depends
CONFIG_MMU